Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Job Openations Surge That Changes Everything
The JOLTS data for April 2026 showed a massive surge in job openings to 7.6 million, the highest in nearly two years. But that headline number tells a different story when you dig into the industry breakdown and the quits rate. Lucas and Luna unpack why this 'job openations' spike is actually a signal of labor market mismatch, not strength, and what it means for the Fed's rate path. They also discuss how the ADP private payrolls report for May fits into the picture, and why the unemployment rate staying flat at 4.3% might be masking growing fragility. A must-listen for anyone…
The skinny
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