Dallas San Francisco Full report Growth in economic activity in the Fourth District has experienced little change since our last report, remaining moderate. Prices are stable for most goods except for the rising price of fuel.
Wages continue to grow at a moderate pace.
The fall in the rate of residential construction appears to have moderated. The market for temporary workers is described as tight, particularly for administrative secretaries. The tightness is expected to be exacerbated as college students return to school. All contacts indicated that demand for temporary workers is expected to increase over the next two months. Retailers and trucking firms reported that filling positions has been very difficult.