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Beige Book - Economic growth slower

October 18 2007

Economic activity continued to expand in September, but at a slower pace than the previous month, according to the U.S. Federal Reserve Beige Book report released Wednesday. Temporary staffing companies reported increased hiring with the exception of activity to support financial services and real estate.

A number of Federal Reserve districts reported shortages of workers with wage increases for those who were in short supply, according to the report. Tough-to-fill positions included scientific, technical, accounting, finance, engineering, marketing, healthcare, truckers, welders, iron workers, crane operators, office workers, and energy service workers.

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