Studies of periods
of tight labour markets like the late 1990s and 1960s make it clear that the best social programme for disadvantaged workers is an economy where employers are struggling to fill vacancies.
The Fed left its key short - term rate at 1.5 per cent to 1.75 per cent — the level it set in March after its sixth increase since December 2015 — as it gradually tightens credit to control inflation against the backdrop
of a tight labour market and a pickup in consumer prices.
Not exact matches
A RECENT flurry
of layoffs in the resources sector is unlikely to provide any reprieve for employers, with the
labour market expected to remain
tight in the near to medium term.
The economy is operating at a high level
of capacity utilisation, the
labour market is relatively
tight, and there have been some large increases in raw materials costs.
Despite a
tight labour market and strong growth in input prices, consumer price inflation was 1.6 per cent over the year to December, below the Bank
of England's 2 per cent target rate.
While a low unemployment rate can indicate
tight labour -
market conditions, the 2017 average hourly wage
of full - time and part - time employees combined grew by only 1.7 per cent — the lowest year - over-year growth since 1998 and more or less at the same rate as consumer price inflation.
But I think it should be stated that while there are some signs
of that around the edges, growth in overall wages has thus far remained contained, even though the
labour market has clearly been at its
tightest for a generation.
The decline in the average number
of applicants per vacancy suggests that the
labour market has got
tighter and schools are finding it harder to recruit.
Part
of the problem is that Trump's promise to deport 11 million workers — because they presumably entered the country illegally — will have a dangerous impact on America's currently
tight labour market.
An overall score
of above 5.0 indicates that the
labour market is «
tighter» than normal.
«Employment levels continue to improve, resulting in
tight labour markets and increasing salaries; and stable interest rates have led home buyers to feel confident that the cost
of borrowing won't spike any time soon.»
It is anticipated that a continuing
tight labour market, robust income growth and high levels
of consumer confidence will help to offset the dampening effect
of rising mortgage carrying costs on the demand for new and existing homes in B.C. Housing starts should decline from 39,195 units in 2007 to 33,250 in 2008 and 31,700 in 2009.
A
tight labour market and robust income growth will partially offset the dampening effect
of rising mortgage carrying costs on the demand for new and existing homes, says CMHC.