US service sector cools in October

US service sector cools in October

Nov 05, 2020

392 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
    A Quick Look at The Great Resignation

    The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...

    Did You Lose Your Job During COVID-19? Here’s What to Do

    First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...

    What Why and How of Background Checks A Useful Guide for Staffing Agencies

    Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...

    Don’t Fall Prey to These Job Scams

    When people are looking frantically for employment, scammers get a chance to exploit their weakness ...

    Show more news