NEW YORK - Growth in the U.S. service sector accelerated in February to its fastest pace in more than two years, but jobs remained hard to find.
Gains in the U.S. economy have so far been led by a rebound in manufacturing, as companies slowed their inventory drawdowns and exports rose.
The service sector, which accounts for the vast majority of U.S. jobs, has seen much slower, bumpier improvement as layoffs and tight credit weigh on consumers. Its health is crucial to a sustained recovery from the deep recession that began in December 2007.
The Institute for Supply Management said Wednesday its index measuring service industry activity rose to 53 in February from 50.5 in January.
Click here to read the entire story.
Source: MSNBC
Latest from Pest Control Technology
- Envu Announces Launch of New Rewards Program
- Regulations, Science and Strategy Take Center Stage at Purdue Conference
- Selling Pest Control in the 21st Century
- Purdue Pest Management Conference Marks 90 Years
- Rentokil Initial Appoints Mike Duffy as CEO
- Harry Bryan Named VP of Business Development for Nisus Corporation
- Douglas Products Announces Planned CEO Transition
- Industry Veteran Richard Cruz Joins VM Products
