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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- MBJ Special report: MDA numbers help with cities’ retail pitches
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- COO of TL Wallace Construction keeps eye on revenue growth and profits
- RAISING AWARENESS — Lori Newcomb, family join fight against ovarian cancer
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- DREAMS AND OYSTERS — Houstons set for August opening of Saltine in Fondren