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Businesses Have a Harder Time Filling Jobs

NABE survey provides more evidence of tightening labor market.

A growing number of companies are finding it difficult to recruit skilled workers, which threatens to curtail profits and growth, according to a quarterly survey conducted by the National Association for Business Economics.

The results reinforce data coming out of the U.S. this year, which show a tightening labor market amid low interest rates and an economic expansion. Many economists expect the jobs market to start putting pressure on wages and inflation, though that phenomenon has yet to fully materialize.

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