Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Long-Term Unemployment Is Surging What It Signals
Lucas and Luna unpack a worrying trend in the labor market: long-term unemployment—people out of work for 27 weeks or more—is rising even as headline jobless claims stay low. They dig into the April data, where job openings rebounded to 7.6 million yet long-term unemployment hit levels not seen since 2021. Lucas explains what this 'duration problem' means for the Fed's rate path, wage growth, and worker re-entry. Luna shares why the typical solution—retraining programs—often falls short. A specific, data-driven look at a hidden vulnerability in an otherwise resilient jobs…
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