Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Silent Crisis of Zero Firing Rates
With real GDP growth hitting 3.4 percent in the third quarter, the US economy looks robust on paper, but a deeper structural issue is emerging: companies are hoarding labor instead of letting go. Lucas and Luna dissect the paradox of low firing rates, examining how a 4.2 percent unemployment rate and falling job openings mask a rigid labor market that distorts wage growth and delays necessary economic adjustments.
#LaborHoarding #ZeroFiringRates #GDPGrowth #UnemploymentRate #WageGrowth #JobOpenings #JOLTSData #FedPolicy #EconomicResilience #BusinessStrategy #CorporateBalanceSheets…
The skinny
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