Economic activity continued to expand at a modest to moderate pace in March and early April, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Employment growth was modest to moderate in most districts, though many employers experienced challenges finding qualified candidates to fill positions. Labor shortages were most often noted in high-skilled positions, including engineering, information technology, and health care, as well as in construction and transportation. Wage growth was modest. Staffing demand held steady or increased, but talent shortages persisted.
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.