US service sector cools in October

US service sector cools in October

Nov 05, 2020

301 Views

0 comments

U.S. services industry activity slowed in October, with growth in new orders and employment moderating. The primary reason for this could be waning fiscal stimulus and a resurgence in new COVID-19 cases across the nation. The ISM reported on Monday that factory activity accelerated in October as new orders surged to their highest level in nearly 17 years. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index fell to a reading of 56.6 last month from 57.8 in September.  To know more on this, click here

Previous days news

Comments

    Article
    With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?

    Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...

    The Interviewer's Guide to Conducting Phone Interviews

    The job market in the US is slowly gaining traction after the long period of gloom that took the un ...

    This Thanksgiving - Give Thanks To All These People

    This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...

    Tips To Help You Create A Robust Hiring Strategy For 2021

    While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...

    Show more news