In its Beige Book report of anecdotal
information on business activity collected from contacts
nationwide, the U.S. central bank said two-thirds of the 12
districts reported increases in hiring.
"The economic outlook is positive in most districts, with some
reports citing expectations for 'more of the same' and some
expecting a pick-up in growth," the report said.
The findings, compiled by the Federal Reserve Bank of Boston
from data collected on or before January 6, were broadly in line
with economic data ranging from consumer spending to industrial
production that have showed a building up of strength in the
economy in late 2013.
The reports of increased hiring support views that a sharp
slowdown in job growth in December was the result of cold
weather that gripped some parts of the country during the month.
While the Fed said the real estate market continued to improve,
it noted a few districts had reported that home sales or
residential construction had slowed or declined in recent
(Reporting by Lucia Mutikani;
editing by Andrea Ricci)
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