Beige Book Shows Economic Growth in St. Louis
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ST. LOUIS, Mo. (KMOX) – The most recent numbers from the Federal Reserve in St. Louis show growth in nearly every part of the country, and St. Louis is no exception.
In the St. Louis area, manufacturing made a strong showing in some sectors, especially in automotive and furniture. But Federal Reserve Economist Reuben Hernandez Murillo said not every sector saw such robust growth.
Murrillo said businesses in the healthcare services and information services sector plan to lay off workers.
About half of the survey respondents said employment was flat, about a third said it was on the rise.
Services in the financial and real estate sectors reported positive growth.