More Texas service companies reported rising wage and benefit costs in October than at any point since January 2023, even as hiring grew only slightly, according to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey released Tuesday, Oct. 27.
Non-manufacturing employers in the Mid-Atlantic and the Carolinas sharply lowered their hiring expectations in October, according to two business surveys the Federal Reserve Bank of Richmond released Tuesday, Oct. 27, even as current headcounts were still edging up.
Service-sector employers in the Philadelphia Federal Reserve's region reported the most widespread increase in wage and benefit costs in four years this month, even as their hiring gauge eased. The Philadelphia Fed's Nonmanufacturing Business Outlook Survey, released Tuesday, Oct.
