Sunday, December 27, 2015

Local

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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