services

U.S. Air Travel Woes Reflect Bigger Infrastructure Issues

A scant few U.S. carriers took home honors from this year's "Best of Business Travel" awards from Business Traveler magazine. The apparent malaise affecting U.S. airlines may go beyond the current economic downturn to something more fundamental.

Unemployment in Some States Near Record Highs

The Bureau of Labor Statistics data on regional and state unemployment for September shows jobless rates remain uneven. Nevada and Michigan have been particularly hard hit, with no relief in sight.

The Job-Creation Engine Remains Stalled

The economy lost 95,000 jobs in September, mainly because the private sector hired only 64,000 workers while governments cut 159,000 jobs. The unemployment rate was unchanged at 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lacks a catalyst for job creation.

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 Index Jumped In March

A key index of service sector activity unexpectedly jumped in March, with rises in its business activity, new orders and employment components indicating that the U.S. economic expansion is taking hold.