American labor market is still tight

American labor market is still tight

American labor markets were still tight due to the fact that US businesses struggled to gain skilled employees and wages rallied a bit, as the Fed reported on Wednesday in its latest report on the US economy.

According to the Fed’s so-called "Beige Book" report, a glimpse of the American economy built around conversations with business contacts across all 12 of the major bank’s districts, discovered that economic activity went up at a slight-to-moderate tempo in March as well as early April. Several districts posted some strengthening in economic surge.

Moreover, prices have tacked on a bit since the last Beige Book, with levies, freight costs as well as soaring wages often cited as major factors, the major bank told. The bank added that consumer spending turned out to be mixed, although suggested sluggish sales for both general retailers as well as auto dealers.

Aside from that, wages inched up a bit in most districts for both unskilled and skilled employees, with only three reporting moderate surge in employees’ pay, as the Federal Reserve told.

Companies in most districts posted shortages of skilled employees, mostly in construction and manufacturing, although in technical as well as professional roles. In fact, businesses have responded to the tight labor market by simply spurring bonuses as well as benefits packages, along with wages soaring a bit.

In terms of the manufacturing sector, the major US financial institution told that contacts in many US districts informed that trade-related uncertainty was putting pressure on activity.

As a matter of fact, the influence of the 35-day American government shutdown, which started in late December turned out to be muted.


CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera