Firms under pressure as labour drought grows: US survey

Washington

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 Washington-based National Association for Business Economics.

The results reinforce data coming out of the US this year, which show a tightening labour market amid low interest rates and an economic expansion. Many economists expect the jobs market to start putting pressure on wages and inflation, th…