Fed: Economy Expanded; Demand for Staffing Mixed in December
Economic activity continued to expand in mid-November through late December, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Payrolls in a variety of sectors expanded moderately. Hiring for both temporary and permanent positions, as well as demand for staffing services, was mixed. Significant wage pressures continued to be limited largely to workers with particular technical skills.