The report released by the Labor Department Friday morning revealed that the labor market has remained strong. 250,000 jobs were added in October alone, and unemployment is at 3.7 percent- nearly a 50 year low. While labor force participation has increased by 711,000 there are more open jobs than people willing to participate in the labor market. Wages have grown by 3.1 percent over the past year. However, nearly a quarter of Americans still do not earn enough money to cover their basic living expenses. Although the overall trends in the labor market are positive, there is still much work to be done.
See "U.S. Added 250,000 Jobs in October; Unemployment at 3.7%", Patricia Cohen, The New York Times, November 2, 2018