According to the latest employment report from the National Federation of Independent Business, due out later today, U.S. businesses in March continued aggressively hiring, reports James Freeman in the WSJ.
From NFIB Chief Economist William Dunkelberg:
Job creation was solid in March with a net addition of 0.50 workers per firm (including those making no change in employment), close to February’s record of 0.52, and up from 0.33 in January. Owners are trying to hold on to the employees that they have due to a highly competitive labor market.
A Seller’s Market for Labor
A year ago, in his “The Best of the Web” column, Freeman called it “the best time ever to look for a job.”
The data since then—including today’s NFIB report—show that it’s lately become even more of a seller’s market for labor and strongly suggest that workers can expect rising wages.
Read more here.