Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The JOLTS Blip That Changes the Rate-Cut Timeline
April's job openings surged 10.6 percent to 7.6 million, the highest in nearly two years, just as the Fed holds rates at 3.62 percent. Lucas and Luna dig into whether this JOLTS spike is a genuine re-acceleration in labor demand or a statistical ghost driven by industry mix and seasonal adjustment quirks. They walk through the numbers: openings jumped 730,000 month-over-month while the unemployment rate stayed flat at 4.3 percent. If every job seeker now has 1.2 openings available, does that push a rate cut further into 2027? The hosts also unpack the Fed's dual mandate tension —…
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