Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
How Stagflation Is Reshaping the US Labor Market's Hidden Divide
In this episode, Lucas and Luna dig into a surprising divide in today's labor market: while the unemployment rate sits at 4.3%, long-term unemployment is surging and initial jobless claims just jumped to 225,000. Using fresh data from the May ADP report (122,000 private payrolls added, stronger than expected) and the latest JOLTS numbers (7.6 million openings, up from 6.9 million), they explore why some workers are thriving while others are stuck on the sidelines for months. Lucas argues that stagflation is creating a 'two-tier' workforce, where high inflation erodes real wages…
The skinny
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