Are you flustered, flummoxed and flabbergasted that 2013 is already halfway over? Some updates moving forward for Workplace-laws-and-legal-issues-you-need-to-know
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.
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.
After hearing three days of oral arguments, the Supreme Court has now voted on the constitutionality of the Patient Protection and Affordable Health Care Act. While we wait to hear the court's decision in June, small-business owners might want to consider the potential effects.
Reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest to moderate pace from mid-February through late March. Activity in the Boston, Atlanta, Chicago, Dallas, and San Francisco Districts grew at a moderate pace, while Cleveland and St. Louis cited modest growth. New York reported that economic growth picked up somewhat. Philadelphia and Richmond cited improving business conditions. The economy in Minneapolis grew at a solid pace and Kansas City's economy expanded at a faster pace.
The U.S. unemployment rate dropped to 8.2% in March and a broader measure dropped to 14.5% from 14.9% the prior month, but a separate survey noted that the economy added a paltry 120,000. Why the drop?