America's labor market may be inching closer to a tipping point.
The latest Duke University/CFO Global Business Outlook showed U.S. employers plan to boost wages 3.3 percent in the coming year and almost half of the 510 firms surveyed are struggling to fill job openings. Attracting and retaining qualified personnel is one of the top concerns of chief financial officers, according to the quarterly survey that ended Sept. 4.
"CFOs say they are increasing wages in response to labor market pressures and difficulty finding key workers," John Graham, a finance professor at Duke, said in a statement. "Employment should continue to increase over the next year but at a somewhat slower pace."
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