Fed Sees Modest Economic Growth Amid 'slight' inflation

This article talks about how the United States economy grew at a modest pace during the months of July and August. Nevertheless, a strong labor market failed to put upward pressure on wages and prices (inflation). The job market 'remained tight' in most districts and little consumer spending had changed. The interest rates has remained steady this year following the sharp increase that took place in December.
Many reports stated that upward pressure on wages remained fairly modest and expect the average price to rise (inflation). Government report stated that the unemployment rate remains unchanged at 4.9%, with employers adding a net 151,000 jobs. Reports from the supply management show a declaration in business activity following the previous month.
'Employment expanded at a moderate pace', along with Boston having a large number of job openings. The main issue stated in the article regarding employment is the fact that companies in Boston had difficulty filling job vacancies for high skilled positions. This, in the long term could lead to structural unemployment where there is a mismatch between the skills the employers want and the skills workers have.
Therefore, in my opinion, there are positive signs of the long term economy growing, a strong labor market that prohibits increased wages and higher prices of goods and services. There is definitely economic uncertainty surrounding the November presidential election, but currently, unemployment is still at 4.9% and prices will increase modestly. But overall, employers must find the best match (employee) to fill in the job position, with the necessary skills. This would increase the rate of employment and overall output in the long run, which in turn increases per capita GDP.

http://www.bloomberg.com/news/articles/2016-09-07/fed-sees-modest-economic-growth-amid-slight-inflation