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Fed: U.S. Economic Growth Continues at Moderate Pace

American Staffing Association (03/07/13) Alexandra Karaer

The nation’s economy continued to improve, according to the Federal Reserve Board’s latest studies of regional economies (known as the “beige book” reports). Reports from 10 of the 12 Federal Reserve districts characterized economic growth as “modest” or “moderate” during the first six weeks of 2013. The Boston and Chicago districts indicated that growth was “slow” over the period. The majority of districts reported modest improvements in labor market conditions, although hiring plans were limited in many regions.