U.S. labor market shows hints of broader wage pressures: Fed

December 2, 2015 7:13 PM

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U.S. labor market shows hints of broader wage pressures: Fed

WASHINGTON The U.S. labor market tightened modestly in recent weeks with some upward pressure on wages as employers found it increasingly difficult to fill jobs across skill levels, the Federal Reserve said on Wednesday.

U.S. economic activity continued to expand at a modest pace in most regions from early-October through mid-November, the Fed said in its Beige Book report of anecdotal information on business activity collected from contacts nationwide.

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