This report was issued on September 6, 2006 and is part of the information that the Federal Reserve used to continue the paus ein raising interest rates.
While no districts saw negative economic growth five did see a slowdown and seven saw moderate growth. Basically, the country stabilized. That’s not a bad thing if you ask me.
As for the labor markets:
Labor markets around the nation have generally been steady since the last report.
Overall increases in wage pressures were mentioned in the Philadelphia, Chicago, Minneapolis, Kansas City, and Dallas Districts.
Not much “new” in this report as the economy continued its moderate growth.
As for jobs:
A survey of online recruiting sites showed that Minneapolis-St. Paul area job postings in July remained unchanged from June, but at relatively strong levels; postings for science and education were up, while those for health care were down.
And wages barely moved.
Last I month I mentioned (joked) how I was concerned with the increase in brass prices. Now there is even more to be worried about:
Price increases were noted for some building and energy products. Prices for asphalt, concrete, copper, steel mill, and plastic construction products posted notable increases.
First brass now copper, what’s a guy to do…