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Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy

The JOLTS Surge That Changes Everything About the Labor Market

Job openings in the U.S. surged to 7.6 million in April 2026, the highest in nearly two years. Lucas and Luna dig into what this JOLTS number really means—why it jumped while unemployment stayed at 4.3 percent, how the Fed is reading it, and whether this is a sign of strength or a statistical mirage. They break down the gap between openings and hires, the role of quits vs. layoffs, and what it means for the rate-cut timeline. If you think you understand the labor market, this episode will change your mind.

#JOLTS #JobOpenings #LaborMarket #FederalReserve #RateCuts #Unemployment #EconomicData…

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