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ASA: Fed Says U.S. Economic Expansion Continues at a Moderate Pace

American Staffing Association (12/05/13)

The U.S. economy continued to expand at a modest to moderate pace from early October through mid-November, according to the U.S. Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Staffing contacts across the districts remain more optimistic than they were three months ago, expecting steady growth through the end of the year and into 2014. Demand for professional business services experienced stable to moderate growth, especially computer and information technology services. Hiring showed a modest increase or was unchanged across the 12 districts. Difficulty with finding qualified workers, especially for high-skilled positions, was frequently reported. Reports on retail spending and tourism were positive, although the federal government shutdown had a negative effect in some areas.