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Beige Book Detects Modest Economic Growth, Tighter Jobs Market

The Federal Reserve's Beige Book observed all twelve Fed districts were equally split between modest and moderate economic growth in the past few months.

On the labor market, "a larger number of firms mentioned high turnover rates and more difficulty retaining workers." Modest wage pressures broadened during the most recent survey period.

In the southeast, employers "struggle to find, hire and hold onto quality workers, particularly in skilled technical jobs, but also in sales, finance, information technology, and compliance positions."

Inflation pressures remained in check, as prices rose slightly.

by RTTNews Staff Writer

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