Comparing the US Federal Reserve's views on economy, hiring

AP News
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Posted: Jun 17, 2015 2:34 PM

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting April 28-29:

ECONOMY:

Now: The Fed sees growth getting better: "Economic activity has been expanding moderately after having changed little during the first quarter."

Then: "Economic growth slowed during the winter months, in part reflecting transitory factors."

HIRING:

June: The job market is also getting better: "The pace of job gains picked up while the unemployment rate remained steady. On balance, a range of labor market indicators suggests that underutilization of labor resources diminished somewhat."

April: "The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggests that underutilization of labor resources was little changed."