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Fed's Beige Book: 'Many' districts said hiring pickup led by temp agencies

Discussion in 'Fundamental Analysis' started by ForexLive, Dec 2, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Highlights of the Fed's anecdotal survey of economic conditions: - US economy grew at 'modest pace' - Data collected before Nov 25 - Wage pressures "generally stable to increasing" The headline might not be what it seems. " Many Districts indicated that increased hiring was driven by temporary and entry-level positions that were being fulfilled by staffing firms," is what the Beige Book said.

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