Chicago Federal Reserve District Hiring Expectations Hit Lowest Level Since 2020
The 7th Federal Reserve District’s hiring index fell to -40 points in October, reflecting weak labor demand and echoing early-pandemic economic conditions.
Summary
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Terms & Concepts
- 7th Federal Reserve District: A regional division of the U.S. central bank covering parts of Illinois, Indiana, Iowa, Michigan, and Wisconsin.
- Hiring expectations index: A measure reflecting employers’ planned changes in workforce size over a given period.