WAGES-JOB OPENINGS DOING WELL

The number of job openings are the highest in 13 yrs.*

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In addition wage gains have picked up.**

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"In the third quarter, ADP says, pay rose fastest, about 4.8% over the year, for financial and construction workers. Construction firms have faced a shortage of skilled workers as the housing market has recovered. Pay hikes of at least 4.2.% were broad-based across all major industries, the report says."**

"The number of positions waiting to be filled rose to 4.84 million in August, the most since January 2001, from a revised 4.61 million the prior month, the Labor Department reported today in Washington. Hiring and firings cooled, while fewer people quit their jobs.
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Considering the 9.59 million Americans who were employed in August, today's figures indicate there are about 2 people vying for every opening, up from about 1.8 when the last recession began in December 2007. - See more at: http://www.northjersey.com/news/business/job-openings-in-us-rose-by-230-000-in-august-to-13-year-high-of-4-84-million-1.1103937#sthash.STB5EoaY.dpuf"

* http://www.marketwatch.com/story/job-openings-hit-13-year-high-but-hiring-drops-2014-10-07
** http://www.usatoday.com/story/money/business/2014/10/08/adp-wage-growth/16880335/