Need a Job? Move to Elkhart!

Elkhart, Indiana had a 20% unemployment rate after the financial crisis and now faces labor shortages. A report in the Wall Street Journal finds that the 'RV capital of the world' may be a good example of things to come for many U.S. regions: a shortage of skilled workers and soaring home prices. More importantly, labor market tightening has pushed up wages 6.3% in the third quarter of 2017, a promising trend after stagnant salary growth. The Journal notes that jobs are so scarce that the local Kentucky Fried Chicken was offering $150 signing bonuses. "The rest of the U.S. might never match Elkhart’s sizzling pace, but the region could show what lies ahead," argues the Journal. • Do you think Elkhart is a portent for things to come in the U.S. economy or an outlier? Read the Wall Street Journal report below.

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