The FED Said Many people are quitting their current job. According to data from the Job Openings, Layoffs, and Turnover Survey (JOLTS) from the U.S. Bureau of Labor Statistics, workers are voluntarily leaving their current workplace (for reasons other than retirement or internal company transfers) at rates not seen since the late 1990s. A high […] Read more
The FED Said Beige Book – January 16, 2019 Overall US Economic Activity Economic activity increased in most of the U.S., with eight of twelve Federal Reserve Districts reporting modest to moderate growth. Nonauto retail sales grew modestly, as several Districts reported more holiday traffic compared with last year. Auto sales were flat on balance. […] Read more
The FED Said Amid a largely positive Beige Book report on economic conditions in the Southeast, some small businesses report particular challenges competing with larger companies for a dwindling pool of available workers. Across the board, businesses continued to report pressure to increase wages for low-skill, hourly jobs, notably in the hospitality and retail industries. That’s good […] Read more
The FED Said Some of the most important forces that have molded Miami, economically and otherwise, emanated from outside Florida and even the United States. The evolution that largely produced today’s south Florida metropolis began 60 years ago. When Communists seized power in Cuba in 1959, a wave of exiles fled north, beginning a continuing […] Read more
The FED Said As concerns about widening gaps in income and wealth permeate economic policy discussion, the Federal Reserve Bank of Atlanta assembled some of the field’s leading thinkers to explore the roots of inequality from various perspectives. When considering a topic as complex as inequality, economists and policymakers advance numerous questions such as the […] Read more