Services Growth Hits Record in March
I wonder when people will quit demanding more services so we can get rid of these "crappy jobs".
CkG
NEW YORK (Reuters) - Growth in the U.S. services sector hit a record high in March, well above expectations, a report showed on Monday.
The Institute for Supply Management's non-manufacturing index surged to 65.8 in March from 60.8 in February. Wall Street economists had forecast a rise to 61.5. A number above 50 indicates growth.
The survey's employment index rose in March to 53.9 from 52.7 in February. Growth in demand for new orders rose to 62.8 in March from 60.3 in February.
The services sector includes everything from restaurants and hotels to banks and airlines, and accounts for about 80 percent of the U.S. economy.
I wonder when people will quit demanding more services so we can get rid of these "crappy jobs".
CkG
