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Federal Reserve Beige Book Interactive Summary

Fed: Moderate Economic Growth; Strong Staffing Demand

The economy expanded at a moderate pace through the end of August, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Employment and wages continued to grow at a modest to moderate pace, even as labor market tightness persisted. Businesses in some districts increasingly added benefits—such as vacation time, flexible schedules, and bonuses—to attract and retain employees. Businesses also noted they were putting more resources into training. Staffing demand was strong or growing in several districts, but labor shortages continued to pose an obstacle.

Read the latest news release »

Use the list or map below to browse a summary of findings for each district, prepared by the American Staffing Association.

View Full Reports & Archive

The beige book is a Federal Reserve Bank report on anecdotal commentary from district bank and branch directors, and interviews with key business contacts, economists, market experts, and other sources, from each of the 12 Federal Reserve districts.

The Federal Reserve publishes this report eight times per year, generally at 2 p.m. Eastern time on Wednesdays. ASA summarizes information from the beige book for each district, focused on employment, wages, and the staffing industry.

Click here to access the current beige book report at the Federal Reserve's website, as well as an archive of previous reports.

Why Watch the Fed?

Federal Reserve LogoThe Federal Reserve makes monetary policy decisions and provides insight on current economic conditions across the U.S. in the Beige Book report.

In addition to broad economic conditions, the report often addresses specific areas of interest for the staffing industry, such as commentary on local employment, staffing employment, and wage pressures.

2018 Beige Book Report Schedule

Jan. 17 March 7 April 18 May 30 July 18 Sept. 12 Oct. 24 Dec. 5


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