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, though that phenomenon has yet to fully materialise.