Research Brief: Employment – February 2018

Labor market at turning point as wage growth hits recovery high.  Meaningful wage growth has been a missing ingredient in the expansion for the past eight years.  Yet now, with unemployment holding steady at 4.1 percent, employers are finally feeling the pressure to increase wage hikes to attract and maintain their human capital.  Further evidence of tight labor conditions can be found in job openings at or near record levels of 6 million positions over the past 12 months.

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