Economic activity expanded at a modest to moderate pace across all 12 Federal Reserve districts in July and August, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Employment growth slowed some, ranging from a slight to a modest rate in most districts. Labor markets were tight, and there were reports of worker shortages in numerous industries and across all skill levels. In spite of the tight labor market, the majority of districts reported limited wage pressures and modest to moderate wage growth. Staffing demand was mixed.
View interactive Beige Book summaries by district, focused on employment, wages, and the staffing industry, at americanstaffing.net/federal-reserve-beige-book.
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About the American Staffing Association
The American Staffing Association is the voice of the U.S. staffing, recruiting, and workforce solutions industry. ASA and its state affiliates advance the interests of the industry across all sectors through advocacy, research, education, and the promotion of high standards of legal, ethical, and professional practices. For more information about ASA, visit americanstaffing.net.