RJ and Makay

>> Read More RJ & Makay Blog Posts

The Federal Reserve’s latest Beige Book report indicates that the pace of economic activity around the nation is picking up, although the housing market continues to struggle. The report, released yesterday, shows that consumer spending was strong at the end of 2011 and most parts of the county saw significant gains in holiday sales.

An important finding about the economic expansion that occurred in the U.S. in January and February: It appears to be widespread, taking place all around the country and not just in concentrated pockets, according to the Federal Reserve, which helps gauge the economy by surveying its 12 regional banks and publishing the results in the "Beige Book."

Indeed, all 12 of the Fed's regions reported growth in one or more industries during the first two months of the year, albeit at a modest to moderate pace. However, the pace was such that it suggest increased job creation in each region.