News Summary: US service firms grew at faster pace

News Summary: US service firms expand at faster pace in November as sales, orders pick up

Associated Press

SLIGHT ACCELERATION: U.S. service companies grew at a slightly faster pace in November because sales and new orders rose, a good sign for the economy. The Institute for Supply Management said its index of non-manufacturing activity rose to 54.7 from 54.2 in October. Any reading above 50 indicates expansion.

SERVICE ECONOMY: The report measures growth in many industries, including retail, construction, health care and financial services firms. The industries covered employ about 90 percent of the work force.

HIRING SLOWS: A measure of employment fell to the lowest level since July but still showed companies added workers last month. Superstorm Sandy and concerns about looming tax increases and spending cuts probably reduced hiring, economists said.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Boeing responds after Trump knocks contract for Air Force One jets

      Donald Trump declared Tuesday morning that the Air Force should cancel its contract with Boeing to build two new presidential airplanes, asserting that the agreement had a $4 billion price tag. “Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. It’s not clear how Trump, who frequently tweets exaggerated or baseless claims, arrived at that number.

      Yahoo News
    • Let's Get Ready to Roo-ble! Kangaroo Gripping Dog in Chokehold Is Punched in the Face by Hunter

      Surprisingly, the entire event came to be as a final wish to a terminal teen suffering from a rare form of bone cancer.

      Inside Edition
    • Boy, 16, Charged After Remains of Teen Missing for 3 Weeks Found Along Alaska Roadside

      Remains believed to be those of David Grunwald were found Friday near the town of Palmer.

      Inside Edition
    • People
    • Sherri Papini Returns Home, But Questions Abound

      More than a month after she went missing, the story of the abducted mother who was found tied up on the side of a highway on Thanksgiving Day has captivated the nation.

      International Business Times
    • If you’re thinking about buying an Apple Watch, today is the day to do it

      The Apple Watch might not be the smash hit that Wall Street analysts guessed it would be, but it's still the most popular smart watch in the world by a landslide. In fact, during its first year on the market, the Apple Watch became the number 2 best-selling watch brand on the planet behind only Rolex. That's a pretty amazing feat for a device in such a new category, and now is your chance to see what all the fuss is about. Amazon has a big sale going for one day only, and it knocks $80 off a stainless steel 38mm Apple Watch with a Sport band, or $90 off a stainless steel 42mm Apple Watch with a Classic Buckle leather band. These prices are unbeatable, and they're only available on Tuesday. We're talking about the Series 1 watches here, just to be clear. If you want a taste of the stainless Apple Watch without spending too much cash though, this is the perfect way to get it. The only difference between Series 1 and Series 2 Apple Watches is the speed, and it's really not too big a deal for a device where all of your interactions are only supposed to last for a few seconds. The most important new Apple Watch feature this year is water-resistance, and these Series 1 Apple Watches are both water-resistant. Also, note that the smaller 38mm model is refurbished. The larger 42mm Apple Watch Series 1 is brand new. Here are the models on sale on Amazon today: Apple Watch 38mm Stainless Steel Case w/ Black Sport Band This Certified Refurbished product has been tested and certified to work and look like new, with minimal to no signs of wear, by a specialized third-party seller approved by Amazon. The product is backed by a minimum 90-day warranty, and may arrive in a generic brown or white box. Accessories may be generic and not directly from the manufacturer. Operating System: watchOS 2, Chipset: Apple S1, Processor: 520 MHz, GPU: PowerVR SGX543 Internal Memory: 8GB, 512MB RAM Up to 18 Hours of All-Day Battery Life, Up to 3 hours Talk Time; About 1.5 hours to 80% Charge Time, About 2.5 hours to 100% Charge Time IPX7 Ceritified - Water Resistant up to 1 meter and 30 minutes Apple Watch 42mm Stainless Steel Case w/ Black Classic Buckle 1.65-inch AMOLED Capacitive Touchscreen, 390 x 312 pixels + Sapphire Crystal Glass Operating System: watchOS 2, Chipset: Apple S1, Processor: 520 MHz, GPU: PowerVR SGX543 Internal Memory: 8GB, 512MB RAM Heart Rate Sensor, Accelerometer, Gyroscope, Ambient Light Sensor Up to 18 Hours of All-Day Battery Life, Up to 3 hours Talk Time; About 1.5 hours to 80% Charge Time, About 2.5 hours to 100% Charge Time

      BGR News
    • Sherri Papini, Family Move To Undisclosed Location

      An investigation is ongoing into the kidnapping of the California mother who was found heavily battered on Thanksgiving Day morning.

      International Business Times
    • Former Oklahoma state trooper sentenced to 8 years in prison

      SAPULPA, Okla. (AP) — A former Oklahoma state trooper accused of sexually assaulting women during traffic stops was sentenced Tuesday to more than eight years in prison after pleading guilty to lesser charges.

      Associated Press
    • Michigan recount now in doubt; Pennsylvania sets hearing

      DETROIT (AP) — Michigan's presidential recount suddenly became in doubt Tuesday as a state appeals court said the Green Party candidate's poor showing disqualified her from seeking a second look at the votes.

      Associated Press
    • Traffic Stop for Speeding Turns Into Kidnapping of Sheriff's Deputy: Cops

      A traffic stop for speeding ended with multiple charges, including kidnapping an officer.

      Inside Edition
    • PM Najib destroying Malaysia, stoking racial tensions: Mahathir

      Malaysian ruling party icon Mahathir Mohamad has accused current leader Najib Razak of "destroying" the country by clinging to power despite a corruption scandal, and vowed to campaign vigorously for the opposition in coming elections. In an interview with AFP, the 91-year-old former prime minister excoriated Najib over the sensational graft allegations swirling around the 1MDB sovereign wealth fund. The man who strove to subdue Malaysia's opposition parties during his time in office from 1981-2003 said he could now work with them to topple Najib, including the party of his jailed former deputy Anwar Ibrahim.

      AFP
    • Joe Biden Announces Plan to Run for President in 2020 and More News

      Joe Biden announces plan to run for president in 2020, Jimmy Kimmel and his wife are expecting baby #2, Ivanka Trump and Jared Kushner will move to Washington, D.C., and videos from Beyoncé’s private collection are going up for auction. Get all the details at MarieClaire.com!

      Marie Claire Videos
    • Get ready for a limited NES Classic Edition sale tomorrow morning

      It's basically impossible to find a NES Classic Edition for $60 right now, unless you or someone you've recently bribed works in inventory management at Target. Walmart, Best Buy and anyone else you'd think of as selling the games console are out of stock online, and the limited stock that trickles into physical retails stores is being gobbled up before they even make it to the shelves. But at the eleventh hour before Christmas, one highly unlikely retailer might save your day/holiday gifting plans: Urban Outfitters. DON'T MISS:  Galaxy Note 7 fires were caused by over-ambitious design, engineers find The store known for selling painfully hipster record players and "ironic" Polaroids will have a limited-stock, online-only sale of the NES Classic Edition starting tomorrow morning. We don't yet have a precise time, but Urban Outfitters told  BGR  it will be sometime Tuesday AM. If I were a guessing man, I'd say the likeliest times would be 12:01AM, and something like 7, 8 or 9AM in the morning, just as physical stores open/the IT guy clicks "go" in an office somewhere. In the absence of perfect information, I'd recommend using a service like Visualping  to keep an eye on Urban Outfitter's tech page , so that when the site gets updated with a new product, you'll get pinged with an email. The good thing about this Urban Outfitter sale is that unlike the stock releases from Walmart and Target, not too many people seem to know about it. Add that to the uncertain release timing, and this could be your best chance to get a console before Christmas. Years of experience with buying concert tickets has taught me the best strategies for making sure you get your hands on a console. Make sure you set up an account beforehand and that you're logged in, to speed through checkout. You'll also want to have more than one computer on hand, so you can keep hitting refresh on multiple devices to get the best chance. If possible, rope a couple friends into the plan; bribe with the promise of Super Mario parties where necessary.

      BGR News
    • Longtime Sheriff's Deputy Dies After Her Car Plunges into Sinkhole: 'We Are Heartbroken'

      Deputy Dora Linda Nishihara, 69, died after her car fell into 12 feet of water Sunday.

      Inside Edition
    • See Pics Of ‘Duck Dynasty’ Rebecca Lo Robertson’s Wedding To Fiancé John Reed Loflin

      “Duck Dynasty” Rebecca Lo Robertson just got married to her fiancé John Reed Loflin. See wedding photos here.

      International Business Times
    • 2018 Buick Regal Sedan and Wagon Spied: They're Undisguised and They're Hot

      Swap out the Insignia insignias, and you have sharp-looking Buicks.

      Car and Driver
    • Trooper responding to call of erratic driver killed by him

      MILLVILLE, N.J. (AP) — A recently married rookie state trooper responding to an emergency call about an erratic driver was killed in a violent wreck on a highway when the erratic driver, traveling in the opposite direction, crossed a grassy median and slammed into his marked cruiser head-on, authorities said.

      Associated Press
    • China urges U.S. to block transit by Taiwan president

      By Ben Blanchard and Bill Barreto BEIJING/GUATEMALA CITY (Reuters) - China called on U.S. officials on Tuesday not to let Taiwanese President Tsai Ing-wen pass through the United States en route to Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. The U.S. State Department appeared to reject the call, saying that such transits were based on "long-standing U.S. practice, consistent with the unofficial nature of (U.S.) relations with Taiwan." China is deeply suspicious of Tsai, whom it thinks wants to push for the formal independence of Taiwan, a self-governing island that Beijing regards as a renegade province.

      Reuters
    • 75th anniversary of the Pearl Harbor attack (28 photos)

      On the morning of Dec. 7, 1941, a Sunday, Japanese bombers flew across Oahu, Hawaii, and began their assault. The attack killed more than 2,300 people, nearly half of them on the battleship USS Arizona. More than 1,100 were injured. After the attack, President Franklin D. Roosevelt delivered a speech before Congress, calling Dec. 7 a “date which will live in infamy.” The U.S. declared war against Japan. (AP) Dec. 7, 2016, marks the 75th anniversary of the Japanese attack on Pearl Harbor. Here’s a look back at that fateful day. See more news-related photo galleries and follow us on Yahoo News Photo Tumblr .  

      Yahoo News Photo Staff