The labor market is at a turning point as wage growth hits a recovery high. Meaningful wage growth has been a missing ingredient in the expansion for the past eight years. Yet now, with unemployment holding steady at 4.1%, employers are finally feeling the pressure to increase wage hikes to attract and maintain human capital. Further evidence of tight labor conditions can be found in job openings at or near record levels of 6 million positions during the past 12 months, according to a report by Marcus & Millichap.—Lisa Brown

NEWS AND NOTABLES

AUSTIN, TX—Locally owned Corridor Title has hired industry veteran Brittany Morrison as its Austin-based commercial account executive for development. Her arrival is a significant as it is the next step in the company's growing service to the Austin commercial market. Morrison brings substantive escrow experience and proven relationships with clients.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.