He said it indicated that there was no increase in wage pressures.

Still, many economists insist that wage pressure will increase soon.

"It can create huge downward wage pressures on the American work force."

The survey saw labor markets tight, but with little or no wage pressure.

For one thing, evidence from the past suggests that wage pressures build slowly.

At the same time, another report indicated that wage pressures were increasing.

But the report also contained signs of possible wage pressures.

That won't happen soon though, because the Fed still sees some price and wage pressures.

But if wage pressures are so moderate, where's the inflation coming from?

"That insecurity is the underlying reason for the lack of wage pressure today."

Where does his fear about inflationary wage pressures come from?

It has been shown, for example, that long-term unemployment does little to reduce wage pressure.

This will be driven by weaker growth and wage pressures.

However, it adds, an even greater risk is that higher mortgage rates will add to wage pressures.

With unemployment at its lowest since July 2001, wage pressures could build up more.

Recession brought both interest rates and wage pressures down - unemployment does it every time!

"The market looks at any strike as possibly raising wage pressures," he said.

Wage pressures remained in check despite what appeared to be a further tightening of the job market.

This time, however, there has been relatively little wage pressure from a more subdued work force with less bargaining power.

As the labor market has weakened, wage pressures have subsided.

"Sales were strong, and there was little wage pressure.

The report indicated that wage pressures were not quite as strong as expected.

Manufacturing remains strong, but there does not seem to be a large increase in wage pressures."

Oil prices have doubled, and wage pressures are growing.

And yet the economy insisted on a minimum of five percent unemployment, to create the proper "wage pressure."