Fed survey points to uneven growth across US
WASHINGTON — The U.S. economy grew unevenly in early fall, with more than half the regions of the country expanding modestly while others struggled to grow.
A survey by the Federal Reserve released Wednesday found that seven of the Fed’s 12 regions reported moderate improvements in business activity. Three regions – Philadelphia, Richmond and Cleveland – described economic activity as mixed or steady. Only two regions – Atlanta and Dallas – suggested economic growth was slow.
The survey indicated that the economy isn’t weakening but is growing too sluggishly to drive down high unemployment, now at 9.6 percent. The jobless rate has been at or above 9.5 percent for more than a year.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- HUNTER ARNOLD: Mississippi, Gulf Coast states focus on global business markets
- Host families prepare for Mississippi Braves’ season
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- Ridgeland property rights tussle is expected to have wide impact
- Starkville's Cotton Mill Marketplace hotel breaks ground Wednesday
- Two new casinos like the odds on Mississippi Gulf Coast
- PHIL HARDWICK: When will Mississippi change its culture?
- AWAITING ITS FATE: Gables complex may have to shrink to meet law
- DAVID DALLAS — Roger Wicker: Profile in discouragement