'Employers were more selective with their hires and less likely to expand their workforces, citing concerns about demand and an uncertain economic outlook,' the Fed said in its 'beige book' survey of economic conditions.
WASHINGTON, D.C. ― US employers are becoming more selective about who they hire amid ongoing concerns about the 'uncertain' economic picture, the Fed eral Reserve said in a new report published Wednesday.'Employers were more selective with their hires and less likely to expand their workforces, citing concerns about demand and an uncertain economic outlook,' the Fed said in its 'beige book' survey of economic conditions.
'I am today giving basically equal attention to the maximum employment objective,' added Bostic, who is a voting member on the Fed's rate-setting committee this year.In the beige book, the Fed said economic activity had grown 'slightly 'in three of its 12 districts, while noting a growing number of districts reporting 'flat or declining activity.
Employers 'More Selective' Due To Uncertain Outlook Fed
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