Thursday, July 5, 2018

Note "qualified" does not appear so as to imply we need illegal immigration

The U.S. labor shortage is reaching a critical point

  • Private payrolls grew less than expected in June, likely due not just to a slowdown in hiring but also a decline in the labor pool.
  • For the first time, there are more job openings than there are eligible workers to fill them.
  • Economists expect wage pressures to continue building as part of increasing inflation.

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