* 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.
America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying.
A report Thursday from ADP and Moody’s Analytics cast an even brighter light on what is becoming one of the most important economic stories of 2018: the difficulty employers are having in finding qualified employees to fill a record 6.7 million job openings.
Truck drivers are in perilously low supply, Silicon Valley continues to struggle to fill vacancies, and employers across the grid are coping with a skills mismatch as the economy edges ever closer to full employment.
Read more ....
WNU Editor: The booming economy is giving Presdient Trump cover on his trade moves. But will it last? Only time will tell.
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