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Tag Archives: consumers

U.S. service sector grew in June, but at slower pace

WASHINGTON — The U.S. service sector, which employs nearly 90 percent of America’s work force, expanded for a 19th consecutive month in June. But growth slowed from May, a sign that the economy remains sluggish. The Institute for Supply Management ...

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Fewer people applied for unemployment benefits

WASHINGTON — Fewer Americans applied for unemployment benefits last week, but applications remain stuck at a level that signals weak job growth. The number of applications for unemployment benefits dropped by 6,000 to a seasonally adjusted 422,000, the Labor Department ...

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Consumer Confidence falls unexpectedly in May

NEW YORK — A monthly survey shows consumers are losing faith that the economy will keep improving. The Conference Board’s Consumer Confidence Index fell to 60.8 from a revised 66 in April on worries about jobs and inflation for groceries ...

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