Claim that economy has improved to the point it is
no longer an employers market.
"Unemployment rates in Ohio, Greater Cincinnati and Greater Dayton are now sitting at the lowest levels since 2001.
“I
think the tide is now turning to job seekers,” said George Mokrzan,
director of economics for Columbus-based Huntington Bancshares Inc. “I
think these unemployment rates have dropped to such a low level,
businesses are going to start having a hard time finding the qualified
workers that they need.”
“Consumers are going to feel better in terms of job opportunities. There’s going to be some upward pressure in wages,” he said."
Which means inflation has finally trickled down to the lowest levels, so the prices of everything will rapidly rise. This is probably why the Fed sort of raised rates.
"Ohio’s unemployment rate shrank from 5.2 percent a year ago to 4.5
percent in November, according to Ohio Department of Job and Family
Services. There are fewer people in search of a job and employment is
up, but the market isn’t fully healed; fewer Ohioans are also
participating in the job market year-over-year, which could be due to
retirements, students, changing populations and job seekers who’ve given
up finding work."
Here comes inflation.
"Employers have “gotten used to being able to pick and choose in a way
they haven’t been able to before,” said Richard Stock, director of the
Business Research Group for University of Dayton. “So what’s challenging
for companies is pretty exciting for the ordinary working person.”"
Until the inflation hits, which won't be long.
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