Atlanta Fed President Raphael Bostic talked about the long-term and older-worker unemployment situation the day before the Federal Reserve on Wednesday released another report citing a labor shortage in the Southeast and nationwide.
Tag: Beige Book
Posted inLatest News
Atlanta Fed reports on COVID vaccinations, hiring, declining home affordability
The Atlanta Fed’s anecdotal report on the region’s economy contained three key takeaways: COVID-19 vaccinations may be encouraged but not required by employers; most jobs are easy to fill; and home ownership affordability has declined.
Posted inLatest News
Lumber price hikes fuel rising housing costs in ATL, nationwide: Fed, trade group
With lumber prices nearly tripling since April, the nationwide rise in home prices was expected in the Beige Book report of economic conditions released Wednesday by the Federal Reserve.
Posted inLatest News
Southerners trust GOP on economy; Atlanta Fed reports ‘soft’ Southern economy
A majority of American voters in the South have more trust in congressional Republicans than Democrats to handle the economy, according to a POLITICO/Morning Consult poll released Wednesday.
Posted inLatest News
Atlanta Fed president: ‘It’s going to be tough’; Prices up for agricultural commodities
The Federal Reserve confirmed the obvious Wednesday – “Economic activity contracted sharply and abruptly across all regions in the United States as a result of the COVID-19 pandemic.” Price hikes are reported across the Southeast in grains, milk and eggs, as well as demand for oranges.
Posted inLatest News
Fewer drug tests, less job experience: New hiring norms as labor shortage hits employers
Employers in the Southeast have eliminated some drug testing because of the labor shortage. The Southeast is the only region in the nation where cutbacks in drug testing were mentioned in the latest edition of the Federal Reserve’s Beige Book.
Posted inLatest News
Valdosta non-profit cited for shorting pay to disabled workers; Biltmore Estate cited for immigrant
A non-profit in Valdosta was cited for stiffing disabled persons out of wages, the U.S. Labor Department announced last week. It’s the second case in a month the DOL has brought against a Georgia employer for shorting workers of pay. DOL’s investigations into wages are gaining currency in an era of employers offering fairly flat wage growth, as recorded in last week’s edition of the Federal Reserve’s Beige Book.
Posted inLatest News
ATL Fed reports affordable homes hard to find as employers offer modest pay hikes
Demand for affordable housing comprises a fair amount of the housing sales in Georgia and the Southeast, even as employers offer incentives other than money to attract and retain labor in what remains a tight labor market, according to Wednesday’s edition of the Atlanta Federal Reserve’s Beige Book.
Posted inLatest News
Tariff concerns rise in Georgia, Southeast as tight labor market draws headlines
A tight labor market continues to headline the Southeast’s economic conditions, though the transportation industry is bracing for job cuts related to trade tariffs, according to a federal report – and that was before President Trump announced potential tariffs on Mexico.
Posted inLatest News
Atlanta Fed District voices concerns over economy, other districts sound same note
The real-time snapshot of the Southeast regional economy released Wednesday by the Federal Reserve cites concerns over politics and trade. This notion of unease tracks comments in a speech the Fed’s vice chairman delivered last week, when he observed that patience is the watchword at the start of 2019.
Posted inLatest News
Fed’s Beige Book notes shift in employers’ choices for filling vacant jobs
Jobs remain hard to fill in metro Atlanta and across the Southeast, though business leaders continue to resist raising wages to attract employees, according to the latest federal report on the economy.
Posted inLatest News
Employers remain reluctant to raise wages in metro Atlanta, Southeast, Fed reports
A tight labor market remains a big story in metro Atlanta and the Southeastern United States, and the latest economic survey by the Federal Reserves shows employers remain resistant to raising wages to attract workers.
Posted inLatest News
Metro Atlanta housing futures dinged in two new federal reports
Two federal reports released Wednesday dashed chilled water on the housing market in metro Atlanta and across the Southeast. One report predicted a continuing status quo of modest growth, and another forecast a weakening market due to the new federal tax law.
Posted inLatest News
Apple, Amazon plan to hire as new report points to shortage of workers at all skill levels
The huge plans Apple announced Wednesday for expanding its workforce in the United States could run into the brick wall of a talent shortage for low- and high-skilled workers, based on a Federal Reserve survey of the economy released Wednesday.
Posted inLatest News
Wages inch up in Southeast in highly skilled fields, says Atlanta Fed
The tight labor market in metro Atlanta and across the Southeast is finally compelling employers to raise wages, if only for those in highly skilled and specialized fields, according to the Federal Reserves latest economic report.
Posted inLatest News
Fed reports no upward pressure on wages in coming year across Southeast
The latest report on jobs and wages in the Southeast continues to tell the story of a tight labor market, but one that’s not tight enough to drive up wages, according to the Federal Reserve’s economic report.
Posted inLatest News
Loathe to hire, for whatever reason, some companies turn away business
The economy in the Southeast picked up modestly in July through mid August. An anomaly in the region, compared to elsewhere in the country, is that employers looked for alternatives to hiring when a job became open, according to the latest survey released Wednesday by the Federal Reserve.
