The Hidden Signal in Surging Jobless Claims

Initial jobless claims jumped to 225,000 in late May, the highest level since early this year, even as the unemployment rate holds at 4.3 percent. Lucas and Luna unpack what rising claims might be telling us that headline payrolls aren't — including emerging weakness in interest-rate-sensitive sectors like construction and manufacturing. They also discuss how the Fed's current policy stance interacts with sticky services inflation and what Wednesday's CPI report could reveal. Plus, a look at why markets are pricing in rate cuts later this year despite a still-tight labor market. #JoblessClaims #Unemployment #FederalReserve #InterestRates #CPI #Inflation #LaborMarket #EconomicData #Construction #Manufacturing #RecessionSignal #MacroEconomics #FOMC #FedPolicy #PolicyLag #FexingoBusiness #BusinessPodcast #MacroTuesdays Keep every episode free: buymeacoffee.com/fexingo