The Fourth District economy continues to grow at a moderate to good pace.
Labor markets are strong, and price pressures remain light.
District retailers indicate difficulty finding seasonal workers, although no more so than in recent years. One notable exception appears to be in central Ohio, where reports of more extreme labor shortfalls are heard. Temporary employment agencies note a further rise in the already heavy demand for workers, especially clerical help and general laborers. Only a few sources report increased wage growth, although a number of firms are offering increased benefits and more flexible work rules. Manufacturing Industrial activity has strengthened considerably since summer.