The Usual Headlines Aren’t Telling the True Story About the Labor Market 

The U.S. labor market added 261,000 jobs in October. It was another very solid month of job gains, and it pushed the year-to-date total to almost 4.1 million jobs added. For perspective, the number of jobs added in the first 10 months of 2022 was roughly the same as the total for the 22 months before the pandemic. Those involved in recruiting, hiring, and onboarding have had their work cut out for them this year.