Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
How Rising Labor Force Participation Reshapes the Job Market
Lucas and Luna dig into a surprising trend that's reshaping the U.S. job market: labor force participation is creeping higher even as the unemployment rate sits at 4.3 percent. With nonfarm payrolls at 159 million and job openings jumping to 7.6 million, they explore why more people entering the workforce isn't the sign of weakness some think it is. Drawing on recent JOLTS data, wage growth holding at $37.50 an hour, and the Fed's 3.63 percent rate, they unpack how this dynamic is keeping the economy in a sweet spot — and why it might complicate the Fed's next move. A…
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