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US economy grows modestly as job market tightens: Beige Book

Several districts reported rising demand for labour, particularly for high-skilled workers. Atlanta and Richmond noted that low-skilled positions were also becoming harder to fill.


THE US economy expanded at a modest pace across most of the country since mid-April, causing the labour market to tighten as employers continued adding jobs and nudging wages higher, a Federal Reserve report showed.

"Employment grew modestly since the last report, but...