Beige Book summary, honing in on jobs market where "Demand for labor continued to ease..."

Here was the summary of the Fed's Beige Book where we have 6 districts seeing a slight decline in activity, 4 with modest growth and two that are flat to down a touch. And, "The economic outlook for the next 6 to 12 months diminished over the reporting period."

"Retail sales, including autos, remained mixed; sales of discretionary items and durable goods, like furniture and appliances, declined, on average, as consumers showed more price sensitivity. Travel and tourism activity was generally healthy. Demand for transportation services was sluggish. Manufacturing activity was mixed, and manufacturers' outlooks weakened. Demand for business loans decreased slightly, particularly real estate loans. Consumer credit remained fairly healthy, but some banks noted a slight uptick in consumer delinquencies...Commercial real estate activity continued to slow; the office segment remained weak and multifamily activity softened. Several Districts noted a slight decrease in residential sales and higher inventories of available homes." 

With this Beige Book, I'm going to further hone in on the labor market due to multiple signs of a slowdown in hiring, the latest evidence seen from the S&P Global US PMI last Friday. Here was the summary and you can see the individual district comments below: