Dallas San Francisco Full report Growth in economic activity in the Fourth District has slowed, even from the moderated rates of our last report. Many manufacturing industries are showing their vulnerability to the strong dollar abroad. Labor markets are much less tight, even among the highly skilled.
Retail spending is soft.
Temporary employment agencies reported mixed demand for workers. Some firms need temporary help to finish contracted work by the end of the year. Others have reduced their demand. Firms are less likely now to change a temporary hire into a permanent employee. Retail store clerks, customer service representatives, and technical assistants are in high demand.