services sector

Where the Signs Point to a Strengthening U.S. Economy

If you glanced at just one or two headlines from last week's reports on the U.S. economy, you might have concluded that things haven't changed that much. In fact, digging deeper reveals that business conditions are improving. Even the puzzling payroll report has hopeful indicators.

Service Sector Picks Up Speed, Growing at Fastest Pace Since May

The U.S. services sector, like its sister sector, manufacturing, continues to hold up its part of the recovery bargain, as the sector expanded at the fastest pace in six months. The U.S. economy is still growing well below its potential, but investors, business executives, and job seekers alike can head in to 2011 knowing that the services sector will continue to add to GDP growth and jobs as the new year begins.

Service Sector Expands at Fastest Pace in Three Months

The U.S. service sector unexpectedly grew at a faster pace in October -- and if conditions in the giant sector continue to improve, that would likely lead to increased service sector hiring, as companies increase production to meet rising demand.

Services Lead Job Growth in September

The long period of large monthly losses appears to be ending, as the private sector added 43,000 jobs in October, according to ADP's latest report. And September's job loss was greatly revised, from an initial estimate of 39,000 down to just 2,000.

Stocks Soar on Services Growth and Japan's Rate Cut

The Dow surged nearly 200 points, while inflation fears propelled gold to another record close. The Institute for Supply Management said its services index rose to 53.2 last month from 51.5 in August. Economists had expected the measure to rise to 52.

Strong News From the Services Sector

The services sector unexpectedly grew at a faster pace in September -- lowering the risk that the U.S. economy will fall into a double-dip recession. What%u2019s more, key services index components suggest both business activity and hiring will increase in the immediate quarters ahead -- something that could lead to increased hiring.

Services Sector Growth Slowed in August

U.S. services sector growth slowed in August and although the sector is still expanding, it will have to return to faster growth in order to help create the large number of jobs the U.S. economy needs to lower the unemployment rate to an acceptable level.

Services Sector Index Unexpectedly Rose in July

The Institute for Supply Management's Non-Manufacturing Index showed the vital U.S. services sector expanding faster in July, which means a reduced risk of the nation's economy falling into a double-dip recession. What's more, July%u2019s data also points to an increase in hiring.

Service Sector Expansion Stays on Track

According to the Institute for Supply Management, service sector businesses grew for the fifth straight month in May, and for the first time since early 2008, added more jobs than they shed. Meanwhile, manufacturing's upswing continues as well.

Service Sector Index Unchanged in April

A key services sector index unexpectedly remained unchanged at 55.4 in April, with component measures for new orders and employment declining. Even so, the broader trend still shows improving services sector conditions, with increasing demand, but not robust conditions yet.