Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
What Falling Job Openings Tell Us About the Economy
In episode 100 of The Macro Memo, Lucas and Luna dig into the latest JOLTS data to understand what a small rise in job openings really means. With the unemployment rate at 4.2 percent and payrolls growth slowing to just 57,000 in June, the hosts ask whether the labor market is cooling gradually or heading for a sharper slowdown. They look at the ratio of job openings to unemployed workers, how it compares to pre-pandemic levels, and what it signals for wage growth and Federal Reserve policy. Lucas argues that the labor market is still historically tight, while Luna pushes back that the recent…
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