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US firms optimistic but labour shortages constrain growth: Fed

Washington

AMERICAN businesses are upbeat about 2018, but more widespread difficulties finding workers are constraining growth for some firms, according to a Federal Reserve survey released on Wednesday.

It seems like a contradiction: the economy is growing so firms are expanding and hiring, but without a supply of readily available workers business cannot grow.

The tight labour markets, which extend from low-skilled to high-tech positions, are fuelling wage increases in a broader array of industries,...

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