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Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis.  
(Reuters) - U.S. private employers added a fewer-than-expected 166,000 jobs in September, according to Wednesday data from a payrolls processor, underscoring steady but still sluggish growth in the labor market.
Monday, 02 September 2013 16:18

Tribute to the American Worker

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Labor Day, the first Monday in September, is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.
by Federal Reserve District   Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis.
Confounding predictions of mediocre new hiring and a rise in unemployment, the U.S. Department of Labor this morning said 148,000 new jobs were added to the national economy, while the unemployment rate decreased to 7.7 percent, a four-year low.
Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources.
The economy added 171,000 jobs in October, far more than economists were expecting, while the unemployment rate ticked up slightly to 7.9 percent, a development many expected.
Reports from the twelve Federal Reserve Districts suggest economic activity continued to expand gradually in July and early August across most regions and sectors. Six Districts indicated the local economy continued to expand at a modest pace and another three cited moderate growth; among the latter, Chicago noted that the pace of growth had slowed from the prior period. The Philadelphia and Richmond Districts reported slow growth in most sectors and declines in manufacturing, while Boston cited mixed reports from business contacts and some slowdown since the previous report.
After three riveting days of oral arguments in March 2012, employers were left anxiously awaiting the decision of the U.S. Supreme Court about the fate of the Patient Protection and Affordable Care Act, expected near the end of June 2012. During this period, employers should take interim steps in order to prepare for the eventual decisions. These steps should take into account the full range of possibilities and should position employer group health plans to react to the possible outcomes, respond to inquiries and requests from internal stakeholders, and consider administrative and design issues presented by the possible Supreme Court decisions.  
Some 115,000 new jobs were added to the economy in April, primarily due to increases in service sector employment. Still, the April jobs report showed fewer new jobs than expected, according to CNBC.

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