Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
How Stagflation Is Reshaping the Labor Force Participation Rate
In Episode 88 of Stagflation Conversations with Fexingo, Lucas and Luna dive into a troubling economic indicator: the labor force participation rate has fallen to its lowest level in 50 years outside of the Covid era, even as the unemployment rate holds at 4.2%. They explore why prime-age workers are leaving the job market—and not coming back. The episode focuses on the 'discouraged worker' effect, using the latest JOLTS data (7.594 million openings) and the June payrolls miss of just 57,000 new jobs. Lucas connects the dots to the 1970s, when stagflation similarly pushed older…
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