The Beige Book of the Federal Reserve, detected that the economy in the United States is getting better

The Federal Reserve noted since the last report on October 21^st that the Economic conditions in the United States have improved. At the same time, the Fed featured in the Beige Book that the labor market is continuing weak, but there are some isolated improvements.

The Beige Book records the economic evolution of the 12 zones in the Federal Reserve, this institution, highlighted that in eight regions,they recorded improvements, and in the other four, the situation was remaining more or less steady this last month. The major issue for the Federal Reserve is the labor market.

Yesterday, the private Unemployment data from November was released. During the last month, the companies of the United States destroyed 169000 jobs, more than the expected by the analyst, but less than the month of October, when 195000 jobs where destroyed.

Now that Christmas are very close, The Federal Reserve Recorded a moderate recover of consumption, specially the purchases of cars, this was due to the federal aid to persuade consumers to buy more vehicles.

According the Federal Reserve, Manufactures and Housings are also improving.

Since the last report of the Federal Reserve, the manufactures overlarge part of the country began a moderate improvement from the steady situation they had on the previous month.

This week was released the Manufacturer ISM, what measures the industrial activity in the US, this index fell from the 55.7 points in October, to 53.6 in November. But it is still keeping over 50 points, thing that means growth on the activity.

At the same time, the Beige book highlights that in the residential housing market there are also some improvements from very low levels. During the last weeks, the sales of new and used houses increased more than the expected.

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