Fed Beige Book "Employment Levels Steady or Slightly Up"
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- According to the Federal Reserve's Beige Book, economic activity in 3 districts was steady or slightly up.
- Employment levels across all 12 districts remained steady or slightly increased, with company hiring slowing but layoff levels low.
- The prevailing outlook suggests that employment is expected to remain stable or increase slightly next year.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
On the 4th (local time), the Federal Reserve (Fed) of the United States reported through the Beige Book, which covers the economic conditions of its 12 districts, that economic activity in 3 of the 12 Federal Reserve Bank districts was steady or slightly up, while 2 districts saw steady or slightly decreased activity.
The Fed stated, "Employment levels remained steady or slightly increased across all 12 districts. Worker turnover was low, and hiring by companies slowed, but layoff levels were also low."
It added, "The prevailing outlook suggests that employment is expected to remain stable or increase slightly next year."
Meanwhile, the Beige Book is an economic trend report compiled by the 12 Federal Reserve Banks, which gather recent economic trends by contacting banks, businesses, and experts in their respective districts.
