Staffing services improve pace, Beige Book says
from Staffing Industry Analysts
Demand for staffing services generally grew at a stable or improved pace from early April to late May, according to the Federal Reserve’s Beige Book report released Wednesday. The Beige Book, a collection of observations from the 12 federal regional banks, provides a snapshot of current economic conditions. Demand for staffing services ticked up in the Cleveland and Dallas districts and grew at steady pace in the Philadelphia and Chicago districts. A recruiting firm in the Minneapolis district reported demand expanded at a faster clip compared with the past few years. However, an employment agency in the New York district said hiring activity slowed slightly from the brisk pace seen in March, and reports from staffing agencies in the Boston district were mixed, ranging from strong growth in demand to continued weakness.
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