515 Loupe 05-04-2018


With the unemployment rate falling to 3.9%, causing concern for employers about a labor shortage, companies may increasingly recruit workers who they have historically avoided, “There’s anecdotal evidence where we see employers who in areas with labor shortages are turning to groups that they wouldn’t usually have turned to, that may include those who have spent time in prison, people who have less education or less experience. Some employers are foregoing drug testing because the labor market is so tight.” 


“With the unemployment rate at 3.9%, we expect wages will gradually reaccelerate over the course of the year,” a team of Morgan Stanley economists led by Ellen Zentner wrote in a Friday note.

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