What to Expect From the Oct. Jobs Report

The transcript discusses the current state of the labor market, highlighting a slow cooling trend with job gains still significantly higher than pre-pandemic levels. It examines industry-specific impacts, particularly in finance and insurance, due to interest rate hikes. Despite low unemployment claims, psychological factors influence both job seekers and employers, leading to cautious behavior. Wage pressures persist due to constrained labor supply, and new pay transparency laws in New York and California are prompting employers to adjust their strategies.

What steps are job seekers taking in response to the current labor market conditions?

What are employers doing to prepare for a potential downturn in the labor market?

What new laws regarding pay transparency are being implemented in New York and California?