31.   And the tight labor market has not prompted high inflation.

32.   And you would think that at some point the labor markets will get tight enough to kick up wages.

33.   And, with labor markets still extremely tight, excessive wage pressure, particularly in the non-traded service sector, remains a risk.

34.   Another, more far-reaching result of surging demand for summer workers is that young blacks here are increasingly being drawn into the labor market.

35.   Any change in the mix of these groups would change the U.S. labor market, helping certain industries and hurting others.

36.   Another potential culprit is the tight labor market.

37.   Applications for home mortgages are on the rise, and jobless claims fell this week for the third consecutive week, suggesting labor markets may be stabilizing.

38.   As above-trend growth continues, labor markets are being stretched ever tighter.

39.   Anything higher would trigger concern that a tightening labor market is pushing wages higher, raising the possibility that inflation may be accelerating.

40.   As a result, shops are losing employees in a tough labor market where replacements are hard to find.