Maryland Daily Record Maryland's trusted source for business and legal news
The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession.
Tagged with: inflation service sector
Read More »Service sector remains strong despite inflation’s grip
Service industry grows more slowly in December
Growth in the U.S. service industry, where most Americans work, pulled back in December after expanding at a record pace the previous two months.
Tagged with: Restaurants service sector
Read More »Service sector expands at record pace in October
The rate of expansion in the U.S. services sector hit a record high in October as demand remained strong even as supply chain problems persisted.
Tagged with: jobs service sector
Read More »Growth in services sector slowed in August from record pace
Growth in the services sector, where most Americans work, slowed in August after setting a record pace in July.
Tagged with: jobs service sector
Read More »Service sector grows, albeit slightly slower in June
Growth in the services sector, where most Americans work, slowed in June after record expansion in May.
Tagged with: Economy hiring jobs service sector
Read More »Service sector growth surges to all-time high in May amid pandemic rebound
Growth in the services sector, where most Americans work, hit an all-time high in May.
Tagged with: Economy growth service sector
Read More »U.S. service sector grows at slower pace last month
WASHINGTON — U.S. service sector firms grew in November at the weakest pace since June, evidence that cautious spending by consumers and businesses may be slowing growth. The Institute for Supply Management said Wednesday its service-sector index fell to 53.9 ...
Tagged with: institute for supply management service sector
Read More »Service-sector index indicates little effect from shutdown
WASHINGTON — Activity at U.S. service firms accelerated in October behind a jump in sales and more hiring, suggesting businesses largely shrugged off the partial government shutdown. The Institute for Supply Management said Tuesday that its service-sector index rose to ...
Tagged with: Government institute for supply management Manufacturing News service sector shutdown united states
Read More »Service companies expanded in May
WASHINGTON — U.S. service companies, which employ roughly 90 percent of the work force, grew at a slightly faster pace in May, marking the 29th straight month of expansion. The Institute for Supply Management said Tuesday that its index of ...
Tagged with: Government index information technology institute for supply management jobs Restaurants Retail service companies service sector Unemployment work force
Read More »U.S. service firms expanded in Nov. at slower pace
WASHINGTON — Service companies, which employ 90 percent of the U.S. work force, expanded at a slower pace in November and a measure of employment at those firms fell. Separately, the government said orders to U.S. factories dropped for the ...
Tagged with: Business Economy employment growth Hotels institute for supply management Restaurants service companies service sector unemployment rate
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