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Ex. ECO-B-090 Order Primary source read

Beige Book, September 8, 2021

Summary of Commentary on Current Economic Conditions by Federal Reserve District (Beige Book), September 8, 2021

Board of Governors of the Federal Reserve System · United States (Federal)

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The COVID Project

The record

Jurisdiction
United States
Level
Federal
Authority
n/a (facts and circumstances)
Issued
2021-09-08 Sept. 8, 2021
Effective
n/a (read as 2021-09-08)
End
n/a (read as 2021-09-30)
In force
Sept. 8, 2021 to Sept. 30, 2021
Quarters
2021 Q3
Limitation types
Other
Functions reached
  • WF
  • SC
  • CB
Collection
Workforce, schools and child care ECO-B

Operative words

'All Districts noted extensive labor shortages that were constraining employment and, in many cases, impeding business activity. Contributing to these shortages were increased turnover, early retirements (especially in health care), childcare needs, challenges in negotiating job offers, and enhanced unemployment benefits.' Economic growth 'constrained by supply disruptions and labor shortages, as opposed to softening demand.' District reports cite 'childcare options as the primary obstacle' to hiring.

Enforcement

n/a

Notes

Facts and circumstances of the third quarter of 2021 from the central bank's own nationwide canvass: labor shortages tied to child care and health concerns in every District.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.