David Kirkpatrick

December 3, 2009

Modest economic improvement according to latest Beige Book

Filed under: Business, Politics — Tags: , , , , — David Kirkpatrick @ 1:44 pm

Of course unemployment remains the fly in this economic ointment.

From the link:

The US Federal Reserve has said that economic activities have improved modestly in recent months, primarily helped by better consumer spending.

However, the labour market situation continued to remain weak with rising layoffs and sluggish hiring activities, the apex bank noted.

The Federal Reserve’s Beige Book, which provides a snapshot of economic activities in the 12 districts, said “economic conditions have generally improved modestly” in recent months.

In eight districts, the activities witnessed improvement while it remained little or mixed in the remaining four.

2 Comments »

  1. […] Labor Department, unemployment, unemployment benefits — davidkirkpatrick @ 1:55 pm The most recent Beige Book from the Fed finds unemployment the big problem in the current economy, but maybe better times are […]

    Pingback by Wait a sec on that dire unemployment news … « David Kirkpatrick — December 3, 2009 @ 1:55 pm

  2. I find the posts here intriguing.

    Comment by Boomie — December 31, 2009 @ 3:22 am


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