Service Sector Cools As Hiring Increases
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Activity in the service sector of the US economy slowed moderately in September from the previous month&#39;s pace, but it still expanded at a healthy clip, according to a private research group&#39;s survey.
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Rate rises have cut demand for consumer services such as beauty treatments and holidays, a CBI survey suggests.
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WASHINGTON Dec 30, 2004 - The number of new people signing up for unemployment benefits dropped last week, a hopeful sign that the recovery in the jobs market is moving ahead.
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Stocks fell at the open on Wednesday after reports showing a surge in lay-offs and the slowest rate of private-sector hiring in more than four years raised concern about the employment picture.
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Growth in the U.S. service sector rose unexpectedly in June, while the job market also appeared to pick up some steam, according to reports on Thursday that signaled strength in the economy.
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Growth in the vast US services sector slowed in September, with a significant decrease in prices paid, according to an industry survey published Tuesday.
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The nation's labor market softened slightly last month, with the unemployment rate edging up to 4.6 percent as job growth slowed, the Labor Department said yesterday.
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The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May on a surge of hiring in service businesses while hiring in the factory sector continued to decline, Labor Department data showed on Friday.
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Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.
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The number of new jobs climbed by an unexpectedly brisk 157,000 in May on a surge of hiring in service businesses while hiring in the factory sector continued to decline, Labor Department data showed on Friday.
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An index of US services dropped to a 16-month low in September, suggesting high energy prices may limit economic expansion. Yet a gain of more than 50 percent in the cost of oil this year didn't prevent executives from increasing hiring.
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WASHINGTON : The vast US services sector grew at a slower pace in September as hurricanes and high energy prices inflicted pain, a survey showed.
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The pace of growth in the U.S. service  sector accelerated unexpectedly in November, while employment,  prices paid and new orders also rose, according to a report on  Tuesday.
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The number of workers seeking jobless aid fell more than expected last week and the service sector grew steadily in August, according to data on Thursday that pointed to economic strength despite credit market turmoil and a slumping housing market.
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The U.S. services industry grew  further in December, rounding out a year of expansion in the  huge sector, although employment news was less favorable,  according to a survey published on Wednesday.
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The number of laid-off workers filing claims for unemployment benefits declined last week, providing a slight break from a recent rise in layoffs.
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Growth in the vast U.S. services sector slowed in September, with a significant decrease in prices paid but a solid employment component, according to an industry survey published on Tuesday.