The Traderszone Network

Published in TZ Latest News 3 December, 2015 by The TZ Newswire Staff

U.S. services sector slows; labor market remains resilient

U.S. services sector activity slowed in November but a resilient labor market suggested the economy remained on a steady growth path. Other data on Thursday showed planned job cuts in November were the lowest in 14 months, with the purge in the oil sector appearing to be slowing. The Institute for Supply Management said its index of non-manufacturing activity fell to 55.9 last month from a reading of 59.1 in October.