On The Radar

On The Radar

November 16, 2022

Is the labor market starting to slow?

Job growth remains strong, but cracks are emerging.

This October report was broadly a continuation of the strong labor growth that has been in place all year. So far in 2022, payrolls have increased by 4.7 million, far better than the average growth of 2.3 million in most good years (see chart).