According to recent data from the US Bureau of Labor Statistics, the number of job openings for the month of September outpaced the projected growth. This poses an issue for economists as the Fed has actively been trying to cool the labor market as a means of controlling the high inflation plaguing the US economy. As a result of the imbalance of supply and demand for workers, wages have been rising to attract and retain talent which has caused the employment cost index to rise as well. However, the data also indicates that consumers are slowing down their ordering of goods due to fears of a recession, and this is helping to ease the labor and supply chain challenges.
See "Recent data reflects that persistent tight labor market continues to fuel inflation in the US", Jeff Cox, CNBC, November 1, 2022