The economy continued to expand from late November through the end of the year, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Most Federal Reserve districts reported a modest to moderate rate of growth. Employment growth was modest, as labor market tightness spanning skills and sectors constrained gains in some cases. Modest wage growth continued, but some districts saw an increase in the breadth of industries and positions with rising wages. Staffing activity increased in some districts.
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.