October Job Report and September Job Opening and Turnover Survey
October job growth exceeded expectations, coming in at 261,000. The trucking industry made up for losses in September, gaining 13,000 jobs in October. The number of job openings increased by 437,000 to 10.7 million. Unemployment rose to 6.1 million, and there are still 1.75 jobs available for unemployed persons. These reports show little ease in the inflationary pressures driven by an employee market.