Broad Gains, but Where Are the Skilled Workers?
· There were broad improvements in the economic data this week, with more optimism among small businesses, lower jobless claims and expanding consumer credit. However, according to the NFIB and JOLTS, a number of employers cannot seem to find qualified workers.
· Fed minutes revealed a slightly more dovish tone than was articulated during the press conference. We continue to look for the Fed’s rate hike to come around the middle of next year.
