Why Jobless Claims Are Spiking While Unemployment Stays Flat

Initial jobless claims jumped to 225,000 in late May, up from 212,000 the prior week — the highest level in over a year. Meanwhile, the headline unemployment rate sits at 4.3% and hasn't budged. Lucas and Luna dig into what's really happening beneath the surface: a labor market that looks stable in the monthly numbers but is showing cracks in the weekly data. They explore how rising layoffs in tech and services are being masked by still-strong hiring in healthcare and government, and what the divergence between claims and the unemployment rate tells us about the economy's direction. Plus, a quick word on how listener support keeps the show ad-free and independent. #JoblessClaims #UnemploymentRate #LaborMarket #WeeklyClaims #Layoffs #Hiring #TechLayoffs #ServiceSector #HealthcareJobs #GovernmentJobs #FederalReserve #EconomicData #Macro #Economics #FexingoBusiness #BusinessPodcast #MacroTuesdays #LaborEconomics Keep every episode free: buymeacoffee.com/fexingo