Federal Reserve Beige Book Highlights Slight Employment Growth

According to Odaily, the Federal Reserve's Beige Book indicates a slight increase in overall employment during the reporting period. Six Federal Reserve districts reported a rise in employment numbers, while another six noted no change. Respondents from various service sectors, including healthcare, consistently reported employment growth. The construction sector saw a slight increase in employment, whereas manufacturing employment remained stable. Many industry respondents highlighted difficulties in finding skilled workers, with layoffs being infrequently reported. However, some district respondents expressed greater uncertainty regarding future staffing needs. Most districts experienced a moderate acceleration in wage growth, although some reported easing wage pressures.