The economy continued to expand at a modest to moderate pace in January and February, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Employment grew at a moderate pace amid persistent labor market tightness nationwide, and demand for qualified workers was brisk. Wage growth was moderate in many districts, and in a few districts the Tax Cuts and Jobs Act was credited for modest increases in compensation. Staffing activity increased, with demand up in some districts and revenue higher in others.
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.