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Fed Beige Book says labor market firming

Fed Beige Book says labor market firming (by Greg Robb)

WASHINGTON (MarketWatch) -- Some signs are emerging that the U.S. labor market at long last may be healing, according to the latest report on economic conditions across the country released Wednesday by the Federal Reserve Board. "Labor markets in most districts appear to be firming somewhat," the Fed report, known as the Beige Book reported. Overall, the Beige Book reported evidence that the economy was expanding moderately through the end of the year, led by improved conditions in manufacturing, retail and nonfinancial services. Most Fed districts said that businesses were upbeat but cautious about the outlook.