Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The 159 Million Jobs Mystery Why Hiring Feels So Hard
The US economy has 159 million payroll jobs and 7.6 million open positions, yet the unemployment rate sits at 4.3 percent and job seekers are struggling. Lucas and Luna dig into the JOLTS data from April 2026 to understand why record-high job openings aren't translating into easy hiring — and what the mismatch between openings and hires means for wages, inflation, and the Fed's next move. They explore the 'quits rate' as a signal of worker confidence, the Beveridge curve's recent shift, and why Nevada's booming labor market might be the outlier that proves the…
The skinny
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