The Recession Signal Hidden in Job Openings vs Hires

The job market looks solid on the surface: unemployment at 4.3%, payrolls growing, and JOLTS job openings just jumped to 7.6 million, their highest level in over a year. But Lucas and Luna dig into the ratio of job openings to actual hires — a metric that has historically turned down before recessions. They walk through the April JOLTS data, the quits rate that’s still below pre-pandemic norms, and why a high openings count doesn’t mean the labor market is strong if companies aren’t filling those roles. Plus: a quick look at how the ECB’s surprise rate hike this week complicates the global recession picture. #JOLTS #JobOpenings #HiringRate #LaborMarket #RecessionSignal #EconomicIndicators #ECB #RateHike #QuitsRate #Employment #Inflation #FederalReserve #Economy #Economics #FexingoBusiness #BusinessPodcast #RecessionWatch #SlowdownSignals Keep every episode free: buymeacoffee.com/fexingo