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Economic activity in the U.S. continued to stabilize in July and August, but labor conditions remained weak, according to the Federal Reserve Beige Book report released Wednesday.
Staffing firms in a majority of Federal Reserve districts reported a modest uptick in demand for temporary workers, but industry contacts in the Boston district questioned whether the gains will continue. The New York district reported a modest increase in temporary hiring in the legal and financial industries.
Wage pressure remained low, according to the report.