SF Fed says regional economy on the upswing

The San Francisco Fed said in its quarterly update on Tuesday that information from District contacts suggests that the pickup in employment is not transitory but indicative of a more fundamental change in business conditions.

The economy of the western United States has shown solid growth in recent months, and a recent pickup in employment seems likely to continue, the San Francisco Federal Reserve said.

"Recent data show improvements on many fronts, including the labor market, consumer spen