In past years, we have found that an improving economic environment tends to be linked
with tightening labour markets as demand for talent increases and the challenge of recruiting the most sought - after skills begins to impact organisations.
Not exact matches
With output growth likely to remain strong,
labour market conditions will probably
tighten further.
Subsequently,
with continuing strong activity indicators, stretched
labour markets and signs of possible pipeline price pressures (although core consumer prices remain benign), the Federal Reserve
tightened monetary policy by 25 basis points to 5 per cent in June and then 5.25 per cent in August (Graph 5).
«Despite a
tightening labour market, trainee teacher recruitment is holding steady -
with low vacancy rates in priority subjects like maths and science.
Inflation, in particular, is expected to pick up «consistent
with the expectation that a further
tightening in
labour market conditions would gradually feed into higher wage pressures.»
consistent
with the expectation that a further
tightening in
labour market conditions would gradually feed into higher wage pressures