Latest Service sector performance News

EXPLAINER: 5 key takeaways from the December jobs report

Jan. 07, 2022 14:31 PM EST

WASHINGTON (AP) — One of the fastest years of job creation in U.S. history stumbled at the finish line in December. Hobbled by shortages of workers and persistent threats from the coronavirus, America's employers added just 199,000 jobs last month — the lowest monthly haul since...

US service industry grows more slowly in December

Jan. 06, 2022 10:52 AM EST

SILVER SPRING, Md. (AP) — Growth in the U.S. service industry, where most Americans work, pulled back in December after expanding at a record pace the previous two months. The Institute for Supply Management reported Thursday that its monthly survey of service industries declined...

Asian shares mostly fall as tech stocks slump on Wall Street

Jan. 04, 2022 23:42 PM EST

TOKYO (AP) — Asian benchmarks mostly slipped Wednesday as technology shares in the region echoed a similar drop in the sector on Wall Street. Japan's benchmark Nikkei 225 was little changed at 29,301.22 in morning trading. Australia’s S&P/ASX 200 dipped 0.3% to 7,567.20....

Editorial Roundup: New England

Dec. 25, 2021 17:38 PM EST

Barre-Montpelier Times-Argus. December 22, 2021. Editorial: Dying to know There are around 7.75 billion people on Earth. There are about 330 million people in the United States. And there are around 623,000 Vermonters. There are more of us human beings....

Japan economy contracts 3.6% in 3Q as virus hits spending

Dec. 08, 2021 03:29 AM EST

TOKYO (AP) — Japan's economy contracted at a 3.6% annual rate in July-September as a wave of coronivirus infections crimped travel and other activities, the government said Wednesday. The estimate for the last quarter, downgraded from an earlier report of a 3.0% contraction,...

Japan economy contracts 3.6% in 3Q on weaker spending, trade

Dec. 07, 2021 22:36 PM EST

TOKYO (AP) — Japan's economy contracted at a 3.6% annual rate in July-September, according to a revised estimate released Wednesday. The downgraded growth estimate for the last quarter, down from an earlier report of a 3.0% contraction, reflected weaker consumer spending and trade,...

Growth in US service sector reaches new heights in November

Dec. 03, 2021 11:40 AM EST

WASHINGTON (AP) — Growth in the services sector, where most Americans work, hit an all-time high in November, overtaking a record that was set the previous month. The Institute for Supply Management reported Friday that its monthly survey of service industries...

How to be a 5-star traveler this holiday season

Nov. 19, 2021 08:56 AM EST

If you skipped holiday travel last year (or haven’t traveled at all during the pandemic), your travel skills might be rusty. Plus, some travel etiquette has changed. Recent history indicates that this holiday travel season will be challenging, as evidenced by chaos seen...

Defying inflation, Americans ramped up spending last month

Nov. 16, 2021 13:08 PM EST

WASHINGTON (AP) — Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers — an encouraging sign for the crucial holiday shopping season. Buoyed by solid hiring, healthy pay...

Beyond Meat Q3 sales fall short as US demand drops

Nov. 10, 2021 18:41 PM EST

Plant-based meat maker Beyond Meat reported lower-than-expected sales in the third quarter due to a slump in U.S. demand. Beyond Meat said its sales increased 12.7% to $106.4 million for the July-September period. That was lower than the $109 million Wall Street forecast,...