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Federal Beige Book shows growth, improving hiring

from USA Today

The U.S. economy is improving at a "modest to moderate" pace as solid auto sales and growth in high-tech manufacturing outweigh the effect of high gasoline prices for now. The Federal Reserve made those observations April 11 in its Beige Book summary of business conditions in the 12 Federal Reserve Bank districts. The generally optimistic tone of the report contrasted with the downbeat tone of the March jobs report, which showed a drop in hiring, even as the unemployment rate fell to 8.2 percent from 8.3 percent. more


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