The Traderszone Network

Published in TZ Latest News 6 August, 2015 by The TZ Newswire Staff

U.S. companies may be hiring but lid on wages, investment hits productivity

As the Federal Reserve puzzles over what is holding back U.S. wages and productivity six years into the economic recovery, a pasta sauce company in New Jersey may offer some answers. Chelten House Products makes private-label sauces and dressings for high-end grocers such as Whole Foods, Trader Joe’s and Kroger, and has doubled its workforce to 300 over the past five years to keep up with a booming organic food market. Chelten CEO Steve Dabrow says factory work is becoming a harder sell with unemployment down at a seven-year low of 5.3 percent.