Latest Service sector performance News

Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)

UK inflation jumps higher, reducing likelihood of rate cut

Feb. 19, 2020 5:37 AM EST

LONDON (AP) — Consumer price inflation in Britain jumped higher in January, official figures showed Wednesday, undermining the case for the central bank to cut interest rates as it had been expected to do. The annual inflation rate rose to 1.8% from 1.3% in December, the national statistics agency said, an...

Spokane area continued upward trend in employment in 2019

Feb. 16, 2020 3:32 PM EST

SPOKANE, Wash. (AP) — An increasing population and a booming economy have spurred employment growth around Spokane, according to state labor officials. The region covering Spokane, Stevens and Pend Oreille counties, saw more than 4,600 new jobs in 2019, surpassing that mark for the fifth consecutive year,...

Economists: Detroit jobs, household income forecast to rise

Feb. 10, 2020 1:13 PM EST

DETROIT (AP) — Household income and employment for Detroit residents are forecast to increase over the next four years, according to economists. Detroit’s unemployment rate will drop to just under 8% by 2023 and 2024, researchers with the University Economic Analysis partnership announced Monday....

US services companies grew at a slightly faster pace

Feb. 5, 2020 11:44 AM EST

WASHINGTON (AP) — U.S. services companies grew at a slightly faster pace in January than the previous month, an indicator of continued steady expansion of the economy. The Institute for Supply Management said Wednesday that its service-sector index edged up to 55.5 from 55 in December. Any reading above...

Arizona unemployment rate slips to 4.6% in December

Jan. 23, 2020 12:35 PM EST

Arizona's seasonally adjusted unemployment rate dropped to 4.6% in December, down from 4.7% in November as the state's economy added 6,500 nonfarm jobs. The month-to-month jobs increase was higher than the 10-year average gain of 4,500 jobs in December, the Arizona Commerce Authority reported Thursday. The...

FILE - In this Nov. 27, 2019, file photo Dan Villegas stocks items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Tuesday, Jan. 7, 2020, the Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for December. (AP Photo/John Locher, File)

US services firms grew at a faster pace last month

Jan. 7, 2020 11:24 AM EST

WASHINGTON (AP) — U.S. services companies grew more quickly in December than the previous month, a sign that the economy's steady expansion should continue. The Institute for Supply Management said Tuesday that its service-sector index rose to 55, from 53.9 in November. Any reading above 50 signals an...

In this screen grab image issued by the Prime Minister's Press Office, showing Prime Minister Boris Johnson during his New Year's message to be broadcast Tuesday Dec. 31, 2019.  Johnson has said Britain can look forward to a decade of

UK economy being helped by 'greater Brexit clarity'

Jan. 6, 2020 5:50 AM EST

LONDON (AP) — The British economy appears to set to pick up in the early months of 2020 as more clarity over Brexit emerged in the wake of the convincing election win by Boris Johnson's Conservatives, a closely watched survey showed Monday. In their monthly gauge of business conditions, financial...