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The headlines will go to the rising unemployment, but there's other interesting labor market news.
RUC
Not a surprise, but the number of workers voluntarily quitting is down. Folks are sticking with the devil they know (or at least the boss they know).
Quits
The slack labor market is reflected in modest wage gains:
WageInfl
Business Planning Implications: If you need talent, this is a good time to pick it up. Don't dawdle. Labor markets will tighten up next year.

Don't forget that we'll soon be entering the era of very slow gains in the labor force. The current slackness should not lead to poor employee retention behavior.

Source: Slack Labor Market in Pictures