In the survey released Wednesday, all but one of the Fed's 12 regions indicated that economic activity was "stable," showed "signs of stabilization" or had "firmed."
And with out any trickle down.
The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be "moderating."
Is this why Missouri is the show me state because they are a little slow?
Looking ahead, businesses in most Fed regions said they were "cautiously positive" about the economic outlook.
This is why the headline says "Fed survey shows US recession may be over"
may being the key word.
In Wednesday's survey, the Dallas region indicated that economic activity had "firmed." The Fed regions of Boston, Cleveland, Philadelphia, Richmond and San Francisco mentioned "signs of improvement." The Atlanta, Chicago, Kansas City, Minneapolis and New York regions described activity as "stable or showing signs of stabilization."
Sounds pretty good.
The nation's unemployment rate climbed to a 26-year high of 9.7 percent in August.
So unemployment has not been this bad since 1983, hmmmm more then two years after ronnie became prez?
The Fed's survey found that staffing firms in Atlanta, Dallas, Richmond, Cleveland, Philadelphia, Boston, New York and Chicago did report a "slight pickup" in demand for temporary workers. That's an encouraging sign because employers will usually boost use of temp workers before they hire new employees.
Another good sign.
Over all the big picture it ain't lookin bad