As job­less­ness falls, skilled work­ers might be hard to find

Connecticut Post (Sunday) - - Obituaries/ News -

Are Amer­ica’s em­ploy­ers at risk of run­ning out of skilled peo­ple to hire?

The U. S. econ­omy has be­come a seem­ingly per­pet­ual job- gen­er­at­ing ma­chine, hav­ing steadily added work­ers for nearly eight years. Even with the un­em­ploy­ment rate now at 3.7 per­cent — its low­est point since 1969 — hir­ing hasn’t stalled. So far this year, job growth has av­er­aged a ro­bust 208,000 a month, up from a pace of 182,000 for all of 2017.

The trend has de­fied the pre­dic­tions of most econ­o­mists. Many have long warned that as hir­ing surged and un­em­ploy­ment fell, the pool of po­ten­tial hires would shrink and trig­ger a bid­ding wire that would ig­nite wage gains.

It hasn’t hap­pened. Many peo­ple are still be­ing hired each month. And pay raises, though ris­ing, re­main mod­est

“Ev­ery sin­gle time that we pre­dict job growth is go­ing to start slow­ing and wage growth is go­ing to start pick­ing up in re­cent years, we haven’t got­ten that right,” said Martha Gim­bel, re­search di­rec­tor for the jobs list­ing site In­deed.

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