Fed: U.S. economic recovery continues to improve, but slowly

12/2/2010 | Reuters

Economic activity increased in all Federal Reserve districts except Philadelphia and St. Louis, which reported business conditions as mixed, according to Beige Book reports released Wednesday. Improvements in manufacturing and consumer spending suggested the recovery is broadening. "Hiring activity showed some improvement across most districts, although employers are waiting for clearer signals of expanding business prospects before adding significantly to payrolls," the Fed said.

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