Latest Service sector performance News

Workers near Zion homeless amid housing crunch, tourism bump

Oct. 17, 2021 08:04 AM EDT

VIRGIN , Utah (AP) — A hot wind whipped across the red sand just outside of Zion National Park where a woman and her dogs live in a 1970s camper because she can’t find housing in Springdale, where she works. After four years of working at Springdale’s Bit and Spur...

How major US stock indexes fared Tuesday

Oct. 05, 2021 16:34 PM EDT

Stocks are closing with solid gains on Wall Street Tuesday, erasing most of the previous day’s losses. The S&P 500 rose, with technology companies and banks leading the gains. The Dow Jones Industrial Average and Nasdaq also rose. Bond yields climbed higher and...

September expansion is 16th straight for US service sector

Oct. 05, 2021 11:58 AM EDT

SILVER SPRING, Md. (AP) — The U.S. services sector, where most Americans work, grew again in September even as supply chain troubles persisted. The Institute for Supply Management reported Tuesday that its monthly survey of service industries rose to a reading of 61.9,...

Asian shares slide after big-tech sell-off on Wall Street

Oct. 04, 2021 23:38 PM EDT

Shares have fallen in Asia after a broad slide on Wall Street led by technology companies. Tokyo’s Nikkei dropped 3%, while oil prices edged higher. China-U.S. tensions regained the spotlight after U.S. Trade Representative Katherine Tai said she...

Do we need humans for that job? Automation booms after COVID

Sep. 05, 2021 03:02 AM EDT

Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line cooks. “It doesn’t call sick,” says Amir Siddiqi, whose...

Growth in services sector slowed in August from record pace

Sep. 03, 2021 11:37 AM EDT

WASHINGTON (AP) — Growth in the services sector, where most Americans work, slowed in August after setting a record pace in July. The Institute for Supply Management reported Friday that its monthly survey of service industries decreased to a reading of 61.7 in August...

COVID-19 resurgence crimps spending, travel recovery

Aug. 26, 2021 09:11 AM EDT

A COVID-19 resurgence this summer has caused consumers to turn cautious, while investors trim their investments in a travel sector still struggling to recover. Retail sales dipped a surprising 1.1% in July as consumers spent less on clothing, furniture and sporting goods....

Vermont's July unemployment rate drops slightly to 3%

Aug. 20, 2021 13:21 PM EDT

MONTPELIER, Vt. (AP) — Vermont's unemployment rate decreased slightly in July to 3%, the state Labor Department said Friday. The rate was a decrease of one-tenth of one percentage point from June. The national unemployment rate for July was 5.4%. ...

Asian stocks mixed with eye on economic releases

Aug. 12, 2021 23:52 PM EDT

SINGAPORE (AP) — Asian stock markets were mixed Friday ahead of more regional economic releases that could hint at how the delta variant is affecting growth. Tokyo's Nikkei 225 gained 0.1% to 28,042.08. while South Korea's Kospi slid 1.3% to 3,168.08. The Hang Seng in...

Beyond Meat sees Q2 sales jump on restaurant demand

Aug. 05, 2021 18:35 PM EDT

Plant-based meat maker Beyond Meat said Thursday that its revenue jumped 32% in the second quarter as demand from restaurants returned. But the company's shares dropped after it forecast lower-than-expected third-quarter sales. Beyond Meat said uncertainty about the...