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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