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Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Normally, economists expect a somewhat stable relationship between job openings and the unemployment rate. More job openings = more people employed. Lately, however, the shape of this relationship has changed. Job openings are absolutely soaring. And yet total employment in the economy is well below pre-pandemic levels. On this episode, we speak with Thomas Lubik, a senior advisor in the Research Department at the Richmond Fed, who has been researching and writing about this unusual state of the labor market.

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