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point to improving conditions for much of the country. Wages already have climbed nicely in the Dallas area, rising 3. 5 percent in the 12 months ending in September. That compares with a 2. 3 percent gain nationwide, according to the employment cost index by the Bureau of Labor Statistics.
While many companies grew rapidly, corporate profits declined 22. 5 percent from late 1997 to late Nike Shox For Cheap Sale In US
Upward wage pressure was widespread in the Dallas district, the Beige Book said. It cited truck drivers, auto technicians, engineers and craftsmen. One metals manufacturer awarded 5 percent raises to all employees, according to the report. "Some employers are more worried about retention rates than shortages," said Gad Levanon, director of macroeconomic and labor market research at the Conference Board in New York. "In Texas, there's already a war over talent. That accelerates wage growth, but it's a zero sum game between employees and companies. "Back to the '90sLabor shortages were widespread in the late 1990s, before the high tech bust.
will pressure many businesses over the next 1.
d holding on to staff. It repeated that theme in discussing staffing firms and nonfinancial services: "Houston and Dallas Fort Worth continued to be the strongest markets, and most contacts said that workers at all skill levels were in high demand. "That's good news for employees, who finally have a shot at bigger paychecks and more openings unless they work in a shrinking field. The trend in Texas may also Nike Shox Pink And Blue
2000, Levanon wrote in a recent report. That was the largest profit decline in an expansionary period, he said, and it was due to higher wages. We usually hear about industries that need workers because of rapid growth, such as Nike Shox For Sale Online health care and technology. But some employers will be squeezed more by retirements, especially if young people don't enter the field. Plant operators and directors of religious groups are projected to have many openings, but primarily for replacement jobs, not new ones. The combination of job growth and retirements Nike Shox Purple And Gray
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