ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Tuesday, November 5, 2019
US services companies growth rebounds in October
This past Tuesday, the Institute of Supply Management reported that its service index reached 54.7% over this past month, higher then September's 52.6%. They also reported that measure of sales, new orders and employment all rebounded from last month. Being that service sector, more then 2/3 of the U.S economy, grew this past month, it makes October the 117 month of straight growth. That being said, many employers are claiming that they are having difficulty finding workers due to the low unemployment rate of 3.6%. Im curious if we will continue to see growth in the service sector in the near future even though the trade war has created friction for both economies.
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