us firms face hiring difficulties business survey says
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

US firms face hiring difficulties, business survey says

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleUS firms face hiring difficulties, business survey says

unemployment in the US already very low
Washington - AFP

A growing share of US employers are struggling to hire new workers and some have raised wages as a result, according to a survey released on Monday.

The National Association of Business Economists said its quarterly survey showed members were a little less sanguine about the prospects for strong economic expansion over the next year, although most still expect sustained quarterly growth of better than two percent.

With unemployment already very low, anecdotal reports indicate employers around the country are struggling to fill open positions and have been obliged to boost compensation to lure in new candidates.

But official figures show only sluggish wage growth and weak inflation -- with average hourly earnings disappointingly up less than 0.2 percent in June -- something that has puzzled policymakers at the Federal Reserve, although it has not yet prompted them to alter their course of gradual interest rate increases.

"Slightly over one third of panelists reports that their firms have experienced some difficulty in hiring," NABE survey chair Emily Kolinski said in a statement.

The survey of 101 NABE members showed rising sales, profits, hiring and capital spending.

However, "Pricing power -- or lack of it -- and labor costs are generating some headwinds for a significant number of firms," she said.

The share of firms reporting increased wages rose eight points from April to 47 percent. But expectations that wages will keep rising over the next three months rose only three points, also to 47 percent.

Half of firms reported gains in sales, up from 45 percent in April.

About 60 percent of respondents said they expected GDP to expand by more than two percent over the next four quarters, but the share foreseeing growth under two percent rose eight points to 38 percent.

Kolinski, chief economist at Ford Motor Company, said firms have not changed course on hiring and investment decisions based on any hope of stimulus from the Trump administration, which has vowed to slash taxes and regulation.

And just 12 percent said it was likely they would revisit long-term strategies in light of President Donald Trump's decision to withdraw from the 2015 Paris Climate accord, while 50 percent said this was unlikely.

source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us firms face hiring difficulties business survey says us firms face hiring difficulties business survey says

 



Themuslimchronicle, themuslimchronicle

GMT 12:33 2017 Thursday ,20 April

Premier congratulated by Sudanese Ambassador

GMT 21:47 2017 Tuesday ,31 October

January 19 - February 17

GMT 12:17 2011 Wednesday ,27 July

N. Korea calls for peace treaty with U.S.

GMT 13:34 2012 Sunday ,29 July

Palestinian intellectual passes away

GMT 15:58 2014 Tuesday ,27 May

How to heal bones

GMT 20:40 2014 Sunday ,12 October

No plan to lift fuel, butane gas subsidies

GMT 08:29 2016 Saturday ,27 August

Turkey PM denies Syria operation singling out Kurds

GMT 14:09 2017 Wednesday ,13 September

WADA 'to clear 95 Russian athletes of doping charges'

GMT 14:59 2017 Monday ,04 September

We will not allow Iran to have a foothold in Yemen

GMT 20:17 2017 Friday ,17 March

Merkel to Meet Putin in Moscow on May 2

GMT 13:40 2011 Saturday ,25 June

Explosions rock Myanmar\'s capital city

GMT 09:12 2013 Saturday ,16 February

Dina Abdel Fattah: Promoting Egypt\'s activists

GMT 18:06 2017 Saturday ,02 September

Libya’s Sarraj appoints new military chief of staff

GMT 09:09 2016 Monday ,22 August

'Marvellous' Rio flames out

GMT 14:35 2017 Saturday ,28 October

South Sudanese president to visit Sudan

GMT 12:24 2017 Tuesday ,06 June

The online battle for General Election votes

GMT 03:33 2017 Saturday ,18 February

Mexican drug kingpin 'El Chapo' extradited to US
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle