Sentences with phrase «of tightening labor market»

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.

Against the backdrop of a tightening labor market and perking inflation, the Federal Reserve is expected to raise interest rates later on Wednesday.

Not exact matches

A multibillion - dollar investment and thousands of new jobs will raise housing costs, tighten labor markets and clog streets.

«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.

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.

«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.

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.

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.

The Fed is gradually tightening credit to control inflation against the backdrop of a tight labor market and a pickup in consumer prices.

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.

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...

Then again, as the labor market tightens, it will get harder for employers to get away with that kind of thing, and there will be more pressure to use the money for wages.

«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.

The key takeaway from the report is that it continues to underscore a condition of tightening supply in the labor market.

A tightening labor market has often been cited by the central bank as an important source of inflationary pressure.

«As the economy continues to improve, the labor market is tightening, and employers are feeling the pressure to fill open positions,» observed Rodger DeRose, president and chief executive officer of Kessler Foundation.

but the tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market.

«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.»

«Many participants observed, however, that continued low readings on inflation, which had occurred even as the labor market tightened, might reflect not only transitory factors, but also the influence of developments that could prove more persistent.»

The tightening of the labor market, however, is compounding the threat on profit margins.

More importantly, the labor market is tightening at a faster - than - expected pace since the ECB projects that the jobless rate for the Euro Zone as a whole will come in at 9.1 % by the end of the year.

«The faster pace of wage gains indicates that the labor market is tightening, with employers having to pay higher wages to get the workers they want.»

«With markets across the country recovering, home values are strengthening at the same time that the cost of building homes is rising due to tightened supplies of building materials, developable lots, and labor.»

«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.»

As the labor market tightens and the unemployment rate falls, it's likely that wages will be going up, according to Dr. Sam Chandan, dean of New York University's Schack Institute of Real Estate.

However, until April's job report, the decline was steady — which was to be expected as the labor market tightens and the availability of skilled employees diminishes.

Increases in minimum wage rates in many states and tightening labor markets may start to put further upward pressure on this measure of earnings.

«Housing affordability is being negatively affected by a «perfect storm» scenario,» observed NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. «With markets across the country recovering, home values are strengthening at the same time that the cost of building homes is rising due to tightened supplies of building materials, developable lots and labor.»