Fed Beige Book "Employment Levels Mixed, Volatility Increases"

JH Kim

Summary

The Federal Reserve reported that employment levels have been mixed or increased in volatility in 12 regions.
Economic activity in some regions has contracted, which is linked to a decrease in company hiring.
It is expected that next year employment will remain stable or increase in volatility.

On the 4th (local time), the Federal Reserve (Fed) released the Beige Book, reporting on the economic conditions of 12 regions in the United States. Among the 12 regions under the jurisdiction of the Federal Reserve Banks, three regions experienced mixed or volatile economic activity, while two regions saw a decrease in volatility.

The Fed stated, "Employment levels have remained mixed or increased in volatility across all 12 regions. Although the hiring by companies has slowed, the level of layoffs has also decreased."

Furthermore, it was noted that "next year, employment is expected to remain stable or increase in volatility."

The Beige Book is a report that compiles recent economic trends by contacting banks, companies, and experts in each of the 12 regions covered by the Federal Reserve Banks.