These indicators suggest that reduced unemployment is likely
tightening the labor market and driving up compensation.
A multibillion - dollar investment and thousands of new jobs will raise housing costs,
tighten labor markets and clog streets.
NRF's forecast follows those from Deloitte and AlixPartners, which call for holiday retail sales increasing between 3.8 and 4.5 percent, thanks to higher online spending and
a tightening labor market.
Inflation is expected to breach its target this year as
a tightening labor market boosts wage growth.
Away from the favorable base effects, inflation is rising thanks to
a tightening labor market.
For instance,
the tightening labor market may be starting to show long - awaited wage gains.
On the wage side, though there's always variance, most wage and compensation series have been stuck at around 2 % year - over-year growth (nominal) with some, but not much, evidence of acceleration in response to
the tightening labor market.
But despite low interest rates and
a tightening labor market, gross domestic product growth has been underwhelming.
Although
a tightening labor market has driven up prices in some segments, such as single - family homes, it's «not enough to overcome downward pressure from other factors,» says Zentner, who adds that recent hurricanes likely won't have a lasting impact on national prices either.
While other data on Thursday showed a modest increase in new applications for jobless benefits last week, the number of Americans receiving unemployment aid fell to its lowest level since 1973, pointing to
tightening labor market conditions.
Tighten the labor market all you want, it won't matter.
As a result, even though
a tightening labor market and recently supportive levels of business, consumer, and investor confidence may bode well for the near - term outlook, the hard data currently seems considerably less encouraging than the soft data.
«For the Fed, the underlying momentum is more important in terms of policy decisions, and that looks to be strong, supported by
a tightening labor market, rising incomes and high consumer confidence,» Gregory Daco, head of U.S. macroeconomics at Oxford Economics, told Reuters.
That signals
a tightening labor market — and that increased inflation might be on the horizon.
Against the backdrop of
a tightening labor market and perking inflation, the Federal Reserve is expected to raise interest rates later on Wednesday.
A tightening labor market has often been cited by the central bank as an important source of inflationary pressure.
The economy is being powered by
a tightening labor market, which has largely maintained a strong performance that started during former President Barack Obama's first term.
For instance,
the tightening labor market may be starting to show long - awaited wage gains.
«
The tightening labor market, rising wage growth, high levels of consumer confidence and a millennial generation with a pent - up demand for housing should allow the housing market to weather the storm of gradually rising interest rates.»
Beyond interest rates, the biggest concern is
the tightening labor market, which could pose a deeper threat to price stability than oil.
«Over the next two years, the economy will likely stay on a path of around 2 percent growth with
a tightening labor market and stronger inflation.»
«Despite meager inflation growth, the Federal Reserve decided to raise rates 0.25 percent, which is likely attributed to future inflation concerns over:
a tightening labor market; limited labor productivity growth; and the Congressional Budget Office projecting large deficits due to the Republican tax plan,» said Joseph Kirchner, senior economist at realtor.com ®, in a statement.
After softening this quarter, real consumer spending is expected to rebound early next year amid
a tightening labor market and a renewed decline in gasoline prices, helping to offset persistent economic headwinds.
However, the stage is set for inflation to accelerate due to
tightening labor market conditions, higher oil and energy prices, and rising home prices and apartment rents.
Increases in minimum wage rates in many states and
tightening labor markets may start to put further upward pressure on this measure of earnings.
Moreover,
tightening labor markets and rising wage rates are directly affecting the bottom line.
Buoyed by a rapidly
tightening labor market, job satisfaction among American workers rose slightly for the fourth consecutive year in 2014, and now stands at the highest level since 2008, according to a report released by The Conference Board.
They don't want inflation rates to fall too far, as this limits their ability to boost a weakening economy, but neither do they want
tightening labor markets to overheat and lead to accelerating inflation.
Tightening labor markets.
Further evidence of
tightening labor market conditions was reported in the Federal Reserve's beige book, a June report based on anecdotal information collected across the central bank's 12 districts.
Also,
the tightening labor market along with faster wage gains means that the Federal Reserve is inclined to raise interest rates more frequently.
Not exact matches
The «modest» wage pressures so far this year mean the
labor market is
tightening and could well exceed «full employment» next year, Rosengren said.
One reason for this urgency is the sense that
labor markets are quickly
tightening.
«Faster economic growth over most of the past year has
tightened labor and product
markets and helped to boost prices at a faster pace,» David Berson, chief economist at Nationwide, said in a note.
«If you see a few more months of improvement of this magnitude, it is a clear sign that the
labor market is
tightening and is poised to break out next year,» said Ryan Sweet, senior economist at Moody's Analytics in West Chester, Pennsylvania.
As the
labor market has
tightened dramatically, and with employers trying to figure out restless millennial workers, HR's focus has shifted to the warm and fuzzy matter of wooing and winning talent.
As the
labor market in the U.S.
tightens, employers have turned to perks like paid time off, maternity leave, and signing bonuses — rather than higher wages in some instances — as the carrots they dangle to attract new talent.
Meantime, retailers like Walmart who are raising minimum wages are more likely doing so because the
labor market is
tightening, meaning it's more competitive to fight for the low - salaried workers that retailers generally employ.
But, we know the
labor market is not
tightening!
We're seeing a slowly
tightening, modestly growing U.S. [
labor]
market, which is just about at the point now that zero interest rates are no longer necessary.»
To combat a
tightening talent
market, companies must focus on improving productivity and operational efficiencies, rather than relying on cheap and plentiful
labor, as some have in the past.
«In my view, these developments might suggest a downward revision in the forecast that is large enough to raise concerns about whether further
tightening of
labor markets is likely,» Eric Rosengren, president of the Federal Reserve Bank of Boston, said on Tuesday.
True, our unemployment rate is biased down due to the weak performance of
labor force participation and still - elevated underemployment, but as I've extensively documented, the US job
market has been
tightening up for awhile, driven by solid employment growth, now averaging around 200,000 / month.
ER: Federal Reserve staff forecasts, like those of the bulk of private forecasters, see the
labor market tightening considerably over the next three years — and this is the case even assuming more rate increases than are currently anticipated by
market participants and reflected in
market rates.
In particular, to the extent that the effect on inflation of further gradual
tightening in
labor market conditions is likely to be moderate and gradual, the case to
tighten policy preemptively is less compelling.
«My feeling is that really since the latter part of last year, a number of challenges have raised up for the stock
market,» Paulsen said, noting that stock valuations are higher, interest rates are rising, the
labor market is
tightening, and it appears inflation could finally be on the horizon.
Inflation is also rising as the
labor market tightens.
The Fed is gradually
tightening credit to control inflation against the backdrop of a tight
labor market and a pickup in consumer prices.
Commenting on Mr. Greenspan's remarks, David Hale of Kemper / Zurich International pointed out that as a result of Europe's more «rigid» (that is, unionized)
labor markets, «If France or Germany had enjoyed America's success in reducing unemployment, their trade union movements would be pushing up wages aggressively and setting the stage for a monetary
tightening to slow down the economy's growth rate.»
The number of Americans filing for unemployment benefits fell to near a six - month low last week, pointing to a further
tightening in the
labor market that could encourage the Federal Reserve to lay...