Economists call the work "service sector" because it doesn't produce a physical commodity; but increasingly, "service sector" seems to be used to denote social class.
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Some American commentators say the solution lies in service sector jobs, yet many service sector jobs pay half or less of the rate of a manufacturing job.
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SERVICE SECTOR Service sector output and employment tend to be much less cyclical and volatile than in manufacturing ("Business cycles: theory, history, indicators and forecasting", Zarnowitz, 223).
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The U.S. service sector contracted for the first time since October 2013, euro zone businesses had their worst month in over a year, and China's service sector growth slowed.
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China's official manufacturing PMI showed manufacturing activity contracted at its fastest pace since August 2012, while the official service sector PMI also suggested service sector growth slowed from December.
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SERVICE SECTOR So far, the downturn has been concentrated in the manufacturing and construction sectors while the much larger service sector has exhibited continued resilience, at least in the advanced economies.
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Service sector slows to weakest pace in three years There is already some evidence suggesting the pain is moving to the service sector, which represents the vast majority of the economy.
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Today, four of five Americans work in the service sector.
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"Anything service sector, they were the first line," she said.
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The service sector has been expanding for 117 straight months.
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But over time, robots will tiptoe into the service sector.
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Disappointing U.S. service sector growth hit European trading in the afternoon.
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Another example is the service sector, which is ludicrously over-regulated.
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The service sector is only about a quarter as energy-intensive.
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The service-sector index was seen bouncing to 22 in January.
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INSEE said service sector prices fell 0.2 percent on the month.
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"It's going to be primarily in the service sector," said Song.
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Compared with three months ago, the service-sector index was unchanged.
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The growth of China's service sector puts further pressure on appearance.
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Many had service-sector jobs that were decimated by the pandemic.
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Data showing growth in China's service sector also boosted investor sentiment.
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Data showing growth in China's service sector also boosted investor sentiment.
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One service sector that may be ripe for opening is banking.
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But there's another wave of service sector losses to get through.
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The service sector is expected to be an area of strength.
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The service-sector index was seen slipping to 27 in April.
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The region has struggled to replace it with service sector jobs.
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And the much larger service sector is still expanding, albeit slowly.
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Many took low-wage service sector jobs they perceived as demeaning.
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Women hold just 16 percent of jobs in the service sector.
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The service sector output rose by 0.5 percent in the same period.
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It's painting a brighter picture of the service sector of the economy.
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However, service sector activity rose by 0.5 percent in the second quarter.
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But, even within the service sector, there are large differences across industries.
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A sister survey showed activity in China's service sector rose in March.
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The service sector isn't limited to low-paying restaurant and retail jobs.
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The service-sector index was down two points from 35 in June.
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The service-sector index is seen edging up to 23 in June.
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In addition, service sector jobs have been replacing jobs involving manual labor.
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They said the service sector appeared to have been hit particularly hard.
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The service sector, including health care and education jobs, is considered safest.
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Italy's service sector bucked the trend, with growth accelerating slightly in September.
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But in the service sector, job growth, while steady, is only moderate.
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The size of the country's apparently burgeoning service sector is a complete mystery.
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Moreover, the gains came entirely from the service sector, which added 175,000 positions.
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The service sector makes up more than two-thirds of the U.S. economy.
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Private service-sector workers account for more than 70 percent of American jobs.
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The service sector is by far the biggest employer in the Australian economy.
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Again, the goods sector, jobs were shed in favor of service sector employment.
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Nearly 80 percent of all US jobs are now in the service sector.
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The service-sector index was expected to drop further to 25 in November.
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But the consumer is strong as is job growth and the service sector.
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But high-value service-sector industries are much better suited to urban areas.
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Helping lift the market a bit Tuesday was strong U.S. service sector data.
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Working class and service sector jobs are not the only ones at risk.
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More dominated by the service sector amid the continued erosion of manufacturing jobs.
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Of course, not every service sector is so much larger than in China.
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The service sector has been hit especially hard by the government's security measures.
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Loss of market access and new trade barriers for the UK's service sector.
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But, you ask, what can we do to stop service-sector job cuts?
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Precisely zero come from the service sector jobs most commonly held by Americans.
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SERVICE SECTOR GROWTH Growth in China's services sector activity also quickened in November.
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Many service sector workers are already able to work remotely when circumstances require.
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That reflects an American working class that is increasingly based in the service sector.
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Most of our builds have been in some service sector (healthcare, finance, education, entertainment).
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To an extent, the service sector is not subject to the same cyclical pressures.
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ET, as well as PMI service sector data and consumer sentiment at 1.83 a.m.
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There's probably nothing we can do to stop the growth of service sector jobs.
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The service-sector index rose to 33 from 25 in August, led by retailers.
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That was followed by an unexpected pick-up in service sector activity in February.
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ET, the Dallas Fed's Texas service sector outlook survey is expected to be released.
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That would bring the fee ratio in line with other service-sector credit unions.
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But the impact of automation is increasingly spreading to the service sector as well.
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By contrast, Chinese service sector expansion was a pleasant surprise, further cheering Asian markets.
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Growth has slumped because of a sharp loss in momentum across the service sector.
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China will release its official factory and service sector activity readings on Oct. 1.
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Service-sector standards will only be raised by structural changes in the labor market.
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Data from last month was discouraging, showing auto sales plunged and service sector activity contracted.
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The most powerful counter-cyclical weapon is the rise of the relatively stable service sector.
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Compared with three months ago, the service-sector index was two points lower in December.
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IHS Markit said its surveys also pointed to slowing growth in the U.S. service sector.
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U.S. ECONOMY: U.S. manufacturing activity barely grew in early June and the service sector cooled.
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A service sector is rising, devoted to the quality of life of the newly affluent.
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If you think robots are poised to completely take over the service sector, think again.
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The HSBC/Markit service sector PMI Brazil fell 36.9 in February from 251.2 in January.
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Markit's euro zone service sector PMI fell to 53.6 in January from 54.2 in December.
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Nationally, the service sector has more than compensated for the continued fall in manufacturing jobs.
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Data from last month was discouraging, showing auto sales plunged and service-sector activity contracted.
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We get some economic data on the service sector and the trade deficit this morning.
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The figures were helped by the service sector, which represents 80 percent of the economy.
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Overall, the service sector accounted for the bulk of the job creation, adding 150,000 jobs.
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Service-sector employment tanked at its fastest pace since last October, according to IHS Markit.
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The UK and Europe have accumulated hundreds of years of experience in the service sector.
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Even so, the overall PMI reading for the dominant service sector only improved to 50.
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A parallel survey of the service sector published on Thursday presented a much healthier picture.
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Growth over the second quarter was driven mostly by the service sector, the ONS said.
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It is an open secret that many businesses, especially in the service sector, employ them.
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Fox said that the issue of China's service sector openness was a "big issue" for Britain, but that there were more options than a post-Brexit free trade agreement (FTA) to get Beijing to open, including specific service sector agreements and mutual recognition deals.
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They will be replaced by jobs that can't be automated, in the low paid service sector.
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Brazil is Latin America's largest economy and has a well-developed agricultural, manufacturing, and service sector.
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Both the manufacturing and the service sector readings were below expectations of analysts polled by Reuters.
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Meanwhile, the service sector has also been hit as people are encouraged to stay at home.
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The yield moves came after reports the service sector grew at a faster pace in April.
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ISM's service-sector employment index dipped to 50.4, the lowest since February 2014, according to Refinitiv.
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Roughly a fifth of service sector and manufacturing executives said they're reducing the number of workers.
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As one example, it will largely reduce the need for human intervention in the service sector.
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The service sector index fell to 21 from 27 in January, weighed by retailers and wholesalers.
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Service-sector jobs have been largely protected—completely so in the case of public-sector jobs.
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In their place, service sector jobs have come to occupy the heart of the American economy.
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People often dismiss service sector work as burger flipping, but that's a mistake for two reasons.
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December service sector output gained 0.2 percent from previous month after growing 2.5 percent in November.
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In Britain, the service sector now accounts for 78%of GDP; in Greece it is 85%.
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The vast majority of the new jobs — 28500,6900, or 2628 percent — were in the service sector.
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Similarly, the transformation of South Bend's economy from manufacturing to the service sector began decades ago.
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The report's authors attributed service sector growth to the burgeoning consumer class in many African nations.
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It's unlike many service-sector jobs, in which schedules can be assigned at the last minute.
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The Service Employees International Union, a leading service-sector force, has taken a largely oppositional stand.
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A strong service sector is crucial India as it contributes over 60% of gross domestic product.
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The biggest underlying change is the growth of the service sector over the past five decades.
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" (column, April 17): Paul Krugman writes: "What can we do to stop service-sector job cuts?
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Same goes for couriers from Seamless, UberEats, Grubhub—anyone who works in the service sector, honestly.
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The BOJ's tankan survey shows more service-sector companies want to raise prices in the future.
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The service sector accounted for 51.6 percent of China's total gross domestic product (GDP) in 2016.
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This directly threatens millions of retail and service sector jobs, along with manufacturing positions as well.
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Women are less likely to be secretaries, and men more likely to be in service-sector jobs.
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"New business also expanded at a weaker pace across the service sector in July," IHS Markit said.
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Service sector firms - which include labor intensive industries such as retailing and construction - are the most vulnerable.
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Manufacturing is contracting and there are signs that weakness is seeping through to the dominant service sector.
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Last Friday's strong employment numbers are reflecting a sharp increase in the output of service sector industries.
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By sector, orders from manufacturers rose 1.3 percent in May, while service-sector orders increased 0.2 percent.
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The manufacturers' and service-sector indexes are expected to fall to 25 and 29 respectively in June.
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The service-sector index rose to 24 from 21 in February, led by retailers and information/communications.
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MODEST PICK-UP IN UK SERVICE SECTOR IN Q2 INSUFFICIENT TO OFFSET SIGNIFICANT DROPS IN Q1 - BCC
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Job growth in the professional and business service sector is up 6 percent in the past year.
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In Brazil 51% of workers in the service sector are women, compared with just 19% in India.
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Of the 26m jobs in the service sector created during the same period, men got nearly 2500%.
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Meanwhile budtending and retail positions are in line with what you'd expect from comparable service sector jobs.
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The service sector offers work up and down the wage scale, just as the manufacturing sector does.
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Most Americans work in the service sector, and that was true 20 or 40 years ago, too.
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Markit's composite index of both manufacturing and service sector activity fell to 50.0 from 53.2 in January.
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ET, and Markit services PMI, a reading on service sector activity is released at 9:45 a.m.
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A reading above 50 indicates expansion in the service sector and a reading below 50 indicates contraction.
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"The raw (manufacturing) numbers don't look anything like the service sector and they never will," he said.
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A reading above 50 indicates expansion in the service sector, and a reading below 50 signals contraction.
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The service sector in Slovakia accounts for about 61% of the central European country's $109 billion GDP.
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A reading above 50 indicates expansion in the service sector while a reading below 50 signals contraction.
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ET. The Dallas Fed's Texas Service Sector Outlook Survey will then come out at 10:30 a.m.
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A reading above 50 indicates expansion in the service sector, and a reading below 50 indicates contraction.
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"Things went from bad to worse for the service sector in September," Markit economist Phil Smith said.
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The slowdown threatens to spill over to the service sector and consumer behavior, as well, she said.
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More than a fifth of American men aren't working, yet they aren't flocking to service-sector jobs.
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While apartment high-rises are going up, there's little evidence major service sector employers are following yet.
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A reading above 50 indicates expansion in the service sector, while a reading below 50 signals contraction.
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The IHS Markit Services PMI showed a loss of momentum in the US service sector in August.
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But in the service sector, automation is often very partial and relies on offloading work onto customers.
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The fourth category is the service cities where the service sector accounts for a larger proportion of the total economic output than the industry, and the fifth category is the industrial cities where the industry accounts for a larger proportion of the total economic output than the service sector.
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We're already seeing that happen—and workers pushing back—in the service sector, where automation is taking root.
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Though service-sector activity remains firm in Japan, simmering international trade tensions have caused manufacturers' sentiment to worsen.
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Indeed, the rate of contraction in service sector employment was the fastest in 10 months, IHS Markit said.
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A sister survey showed activity in China's service sector slowed to lowest since October last year in February.
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The service-sector index was up one point versus three months ago, auguring well for the BOJ tankan.
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There's an interesting dynamic between the gendering of service sector jobs as feminine and factory work as masculine.
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But analysts attributed that to exports, with consumption remaining weak and signs that the service sector was slowing.
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The sub-index for new business in the service sector edged down to 50.4 from 50.5 in October.
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A smaller share of women are secretaries, and a greater proportion of men work in service-sector jobs.
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Baptist added low service sector wages make non-tradable goods in India really cheap compared to other places.
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Doctors, college professors, financial advisors, real estate agents, and the like are all in the personal service sector.
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"The service sector here is one of the most restrictive in the world," says a frustrated foreign banker.
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The dollar stumbled after a survey of U.S. service-sector employment fell for the first time since 2014.
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Wednesday will see surveys on the service sector business sentiment in the United States and major European economies.
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Steady remittances from workers abroad, a booming service sector and low oil prices have helped keep demand humming.
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However, the survey's measure of service sector employment increased 1.6 points to 56.6, having declined the month before.
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Hu insisted that factory workers would simply find another place in the economy, such as the service sector.
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"The service sector used to lead job growth, and it's where we lost jobs in August," Kim said.
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Writer and hospitality worker Brittany Bronson has long said the word "unskilled" unfairly miscategorizes demanding service-sector jobs.
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Data showed the U.S. economy's service sector expanded in February at a slower pace than the prior month.
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Service sector output declined 0.7 percent from a month earlier, slipping from a 1.0 percent gain in June.
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If we are going to reduce poverty and increase opportunity, we need the help of service sector employers.
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It's a financial, small business, airline, unemployment, stock market, industrial, gig economy, supply chain and service sector crisis.
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Manufacturing jobs shed during the 2008 recession have largely been replaced with poorly paid, nonunionized service-sector jobs.
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Unemployment is stubbornly high around 12%, while business investment, the service sector and industrial production all remain weak.
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Service sector companies by contrast are beginning to agitate for action to halt the currency's slide, he added.
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On Wednesday, a key reading on the large American service sector showed it continued to grow in January.
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After very weak growth in September, the US service sector, which dwarfs manufacturing in size, rebounded last month.
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Meanwhile, the broader service sector is still adding jobs, helping to make up for big declines in mining.
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Officials have encouraged phasing out low-end exports in favor of promoting the service sector and high-tech manufacturing.
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"But for what it's worth, the headline breakdown suggests that service sector activity strengthened slightly last quarter," he added.
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The latest ISM manufacturing and service-sector reports, reliable gauges of economic momentum, were both above 295 —boomtime readings.
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"Fortunately, the growth in consumer spending, generally, and the service sector, specifically, provide underlying economic (and thereby earnings) support."
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Proponents of the law say it is grounded in the promotion of religious neutrality in the public service sector.
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The service-sector index edged up to 31 from 30 in November, led by the information and communications industry.
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Economic reports due Wednesday include the Federal Reserve's June meeting minutes, the May trade deficit and service sector data.
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Compared with three months ago, the service-sector index rebounded to match a two-year high registered in September.
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The union works to improve labor conditions in the service sector, including protections against workplace sexual harassment and abuse.
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HARUHIKO KURODA: So-- so I think-- I mean, particularly, in the service sector— restaurant, hotels— they are raising prices.
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In reality, Salat's primary impact is on the consumer-facing side of the service sector — restaurants, gas stations, etc.
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Last year, the manufacturing sector lost 73 million jobs in China, but the service sector created 18 million jobs.
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Car sales were soft, retail sales were soft and ISM nonmanufacturing data showed a slowdown in service sector activity.
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Investor sentiments were hit after service sector activity had its slowest increase in output in the last three month.
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Yet Germany's service sector appears to be growing strongly, as does that of the euro zone as a whole.
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The most obvious is that globalisation has gone much further in the manufacturing sector than in the service sector.
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And it is that service sector that has been so impacted by immigration, thus giving Trump a key opening.
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Bullion prices pared gains after an industry report showed the U.S. economy's service sector grew more quickly in March.
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Executives polled by the bank said they expected both industrial and service sector activity to pick up in May.
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Overall, activity in the goods-producing sectors of the economy rose 0.7 percent, while the service sector was unchanged.
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The consolidation of power and more centralised decision-making may speed up difficult supply-side and service-sector reforms.
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Investors' pent-up euphoria was only slightly affected by a disappointing private survey on China's service sector in September.
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Adhia played down the risk of job losses, however, saying this would be offset by new service sector jobs.
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This is particularly evident in Britain, which relies on the service sector more heavily than almost any other country.
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Yet, subdued service sector activity and household spending pointed to a "soft underbelly", ANZ Senior Economist Miles Workman said.
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"Service sector numbers ... looked pretty healthy," said Kathy Jones, chief fixed income strategist at Charles Schwab in New York.
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Data on durable goods, service-sector sentiment and trade will help illuminate the economic picture as it currently stands.
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Even service-sector employment, which represents about 22019 percent of the economy, saw a drop of 23,000 last month.
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While the manufacturing sector includes world class conglomerates like Samsung and LG, productivity in the service sector is low.
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With that in mind, he draws a line between companies in the service sector and those that manufacture goods.
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India's service sector continued to expand in September, but at a marginal rate amid reports of underwhelming market demand.
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At their best, service sector businesses work closely with year-round employees to encourage their growth and skills development.
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Output from the construction sector declined 0.3 percent from three months earlier, while the service sector gained 0.8 percent.
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More than 20153 percent of local jobs are in the service sector, roughly on par with the national average.
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Hangzhou's service sector, which includes many start-ups, was the main engine of that strong performance, surging 14.6 percent.
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Service sector jobs are a crucial way for China to increase employment and household income, especially in rural areas.
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The counterargument here is that innovation could also automate service sector jobs, and some of that will undoubtedly happen.
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The service-sector index improved to 19 from 13 in August, led by wholesalers/retailers and transportation/utility firms.
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The service-sector index improved to 19 from 13 in August, led by wholesalers/retailers and transportation/utility firms.
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A closely watched gauge of US service sector activity declined on Monday to a level unseen since August 2016.
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Guha said the outbreak would hit the consumer, service sector and labor market that have been supporting the economy.
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Much of the data on the economy, particularly on the job market and the service sector, remained quite solid.
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And until lately, incoming data had been mixed: Bad factory numbers came alongside strong consumer and service-sector figures.
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The Reuters Tankan service-sector sentiment index slipped from the previous month's two-year high but remained relatively high.
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Service-sector sentiment fell to 30 from the previous month's two year-high of 34, dragged down by retailers.
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These are largely the sorts of office- and service-sector workers who never enjoyed the protection of union membership.
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IHS Markit's service sector index fell to 85033 in February, the lowest level since the October 2013 government shutdown.
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IHS Markit's service sector index fell to 49.4 in February, the lowest level since the October 2013 government shutdown.
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A measure in service-sector growth dropping to its lowest level since 2016 in September only amplified those concerns.
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A reading above 50 percent indicates growth in the service sector while a reading below 50 percent signals contraction.
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PMIs for the construction industry and all-important service sector are due to be published on Tuesday and Wednesday.
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To continue growing, we need to increase the productivity of our service sector — our restaurants and hospitals and classrooms.
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The second reason, in Deming's view, is that many service sector jobs involve "serving" people of higher social status.
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Whereas manufacturers signalled an accelerating upturn fuelled by stronger domestic and international demand, growth slowed in the dominant service sector.
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Activity in the service sector, much of which happens in offices in polluted cities, accounts for 68.5% of global GDP.
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Recent indicators of service-sector and manufacturing activity suggest that the economy is at risk of falling back into contraction.
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They hire and train on the job, people who were librarians or service sector workers or stay-at-home parents.
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The data showed that France saw a robust increase in service sector activity which offset its ongoing stagnation in manufacturing.
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The Shake Shack founder made his remarks after activity in the service sector hit a one-year high in November.
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This is being offset by steady growth in the service sector, so the aggregate numbers still show net job gains.
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Industries that are less affected by sterling's drop, such as those in the service sector, have not jacked up prices.
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Firms that are less affected by sterling's drop, such as those in the service sector, have not jacked up prices.
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Yes, services dominated again with 70,000, but it's important to know that not all service-sector jobs are created equal.
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This is a region, like so many other parts of this country, where the service-sector economy is so important.
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It said the accommodation and food service sector grew by 1 percent compared with 0.7 percent in first quarter 2015.
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Sentiment in the service sector, meanwhile, worsened to plus-16.3 from plus-19 in the second quarter, meeting Reuters' estimates.
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Yields on U.S. Treasuries jumped on Wednesday, lifted by data showing strength in the U.S. job market and service sector.
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A reading above 50 on these indices indicates expansion in the service sector, and a reading below 50 indicates contraction.
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A reading above 50 on this index indicates expansion in the service sector, and a reading below 50 indicates contraction.
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But in the past decade, the trend has actually reversed, with manufacturing wages lagging a bit behind service sector wages.
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In another worrisome sign, sentiment in the service sector improved this month but is forecast to tumble three months ahead.
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Recent data showed a steep fall in industrial output and the first downturn in service sector activity in six months.
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Manufacturing, service-sector and construction activity all shrank sharply in July, the latter two at the fastest pace since 2009.
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Other surveys found that French business activity had stagnated, while Germany's private sector was supported by a vibrant service sector.
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Service sector output fell 0.2 percent in seasonally adjusted terms on-month after a revised 0.7 percent decline in September.
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Why is the service sector up, and why are purchasing managers planning on increased buys in the months to come?
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Miners rose 0.8 percent after activity in the service sector of China, the world's biggest metals consumer, strengthened in March.
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Lawmakers should recognize that while manufacturing is important, it does not deserve a leg up over its service sector counterparts.
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The service-sector index rose to 18 from 15 in July, reflecting gains in retailers, real estate and other services.
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A reading above 50 for the index indicates expansion in the service sector, and a reading below 50 signals contraction.
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In addition to oil companies, the banks, service sector and legal businesses will also profit from energy deals with Iran.
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Service sector giants like McDonald's and Walmart have increased their lowest wages by modest amounts in the last two years.
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Summer is an especially important time, as millions enter the workforce, to rethink how our society views service sector jobs.
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Singapore counts on a large number of migrant workers in sectors ranging from construction and manufacturing to the service sector.
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The nation's service sector output also declined 0.3 percent in May on-month after a 0.1 percent rise in April.
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Still, she did call out closely watched gauges of US manufacturing and service-sector strength as potential early warning signs.
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Without the help of a private foundation, finding smaller nonprofit groups in the social service sector can be a challenge.
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It's domestic policies — from taxing and spending decisions to pro-labor policies in the service sector — that make the difference.
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There have also been unionization gains among nurses and bus drivers as well as service-sector workers in Silicon Valley.
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On the other hand, the ISM's non-manufacturing index continues to expand, meaning the service sector is still running strong.
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"The aviation industry and emergency service sector is a small community both in Australia and around the world," Coulson said.
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While the growth rate slipped, the December numbers represent the 96th consecutive month of economic growth in the service sector.
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Trigema owner Marcel Soural said he was sure the service sector would follow manufacturing in replacing expensive labor with machines.
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Service sector output rose 0.6 percent from a month earlier in seasonally adjusted terms, after posting similar gains in June.
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A reading above 50 for the index indicates expansion in the service sector, and a reading below 0003 signals contraction.
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Business confidence in the service sector fell noticeably but the struggling manufacturing sector showed signs of a recovery, Fuest said.
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These things matter — the British economy is about 80 percent dependent on the service sector, not on industry or agriculture.
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Fortunately, other sectors in the Florida job market are growing as well, including the important service sector and even manufacturing.
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The sentiment indexes for manufacturers and service-sector firms are expected to hold largely steady over the next three months.
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A reading above 50 for the index indicates expansion in the service sector, and a reading below 50 indicates contraction.
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In an email, Deming suggested two reasons that men may be reluctant to take jobs in the growing service sector.
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The strength in the service sector and the broader consumer economy in the United States has offset any damage so far.
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On Wednesday, a private survey found that the service sector grew in January at the slowest rate in nearly two years.
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Service-sector sentiment rose one point to 31, led by real estate/construction firms that benefit from the BOJ's easy money.
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On the other hand, the service sector of the economy is doing fairly well, so January could bring another positive surprise.
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U.S. data on Thursday was positive on the whole, with factory orders rising and the service sector index showing continued expansion.
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If more and more people are working in the service sector, how do we make sure that they're getting paid enough?
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Dow 20,000 could be back in play Thursday as traders watch economic releases on service sector activity and jobs-related data.
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Long-running weakness in manufacturing has been offset by relative strength in the service sector, staving off a full-blown recession.
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The service sector contributes more than 30% of value added in American manufacturing and more than 40% in France and Italy.
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In Italy, service sector growth was at its fastest rate for almost a decade, while Spain's hit a 20-month high.
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And now the biggest chunk of the economy, the US service sector, is growing at its weakest pace in three years.
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Four of the 18 industries in the service sector are now in contraction, including real estate, wholesale trade and educational services.
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European stocks seesawed in trade on Tuesday as oil prices slipped and poor U.S. service sector data pushed many markets down.
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The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index, an indicator of service sector growth, came in under expectations.
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On the data front, Spain's service sector growth eased in July, according to PMI (Purchasing Managers' Index) data released Monday morning.
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Private service-sector jobs rose 1.64% in May-July compared with a year earlier, among the slowest growth rates since 2011.
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Of particular importance are rising price pressures in the service sector, which accounts for about 2750 percent of the U.S. economy.
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The survey's respondents included 110 companies focused on exploration and production activities and 61 that operate in the oilfield service sector.
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However hard India tries to boost rural wages, farming cannot compete with a service sector that is six times more productive.
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The Caixin/Markit service sector PMI rose to 21.6 in January from a 250-month low reading of 26.75 in December.
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Japan also saw better news with activity in its service sector in January growing at the fastest pace in five months.
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Factory and service sector surveys for January published last week showed growth remained strong, despite some signs of slowing from December.
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A reading above 21.7 indicates expansion in the service sector, which accounts for more than two-thirds of the U.S. economy.
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S. trade deal, strong U.S. data * U.S. service sector index rebounds more than expected * Graphic: World FX rates in 26.9867 tmsnrt.
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Service sector industries led the way up, with an increase of 14,600 jobs in the finance, insurance and real estate category.
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The service-sector index fell to 15 from 17 in June, and was seen unchanged in October, reflecting weak domestic demand.
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The U.S. PMIs are broadly in line with consensus forecasts of slowing business activity but continued robust domestic service-sector growth.
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Better-than-expected results from a monthly survey of service sector purchasing managers also pushed sterling a touch higher on Monday.
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That's fine, but that won't do anything to keep the U.S. service sector (90 percent of the economy) prices from rising.
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The closely watched employment report for December is set for release next week, as are numerous manufacturing and service sector releases.
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Macro data to watch out for in the coming week include India's Service sector PMI, which will be declared on Tuesday.
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The service-sector index declined to 34 from 35 in the previous month as the real estate/construction industry's conviction ebbed.
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Optimism about the U.S. economy has increased since jobs data for October and a service sector report last Tuesday beat expectations.
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Rural agriculture sector employees are now aging, whereas big groups of young generation is now heavily associated with the service sector.
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The pace of growth in the U.S. service sector was the fastest in seven months in June, an industry report showed.
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But given the way our low-wage, service sector economy functions — offering erratic, stingy jobs — it's often not enough to survive.
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"The trend of manufacturing malaise and service sector resilience was once again apparent in Japan PMI data for June," he said.
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The service sector accounts for more than 70 percent of U.S. gross domestic product and employs tens of millions of Americans.
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This represents the highest reading for the service sector index since August 2005 when the index hit 61.3, according to ISM.
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The service sector — restaurants, hotels, retail and schools — boosted the January figure, posting their best gains in more than a year.
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But it has become increasingly clear that parts of every job will be automated — and that the service sector is next.
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ET, followed by consumer confidence and the Dallas Fed's Texas Service Sector Outlook Survey, set to come out at 10 a.m.
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The survey's respondents included 77 companies focused on exploration and production activities and 57 that operate in the oilfield service sector.
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In the service sector, the business climate index fell sharply as managers were far less optimistic about the next six months.
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And try to sell some farm products, steel or car tires to the EU, or to penetrate their service sector markets.
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The Institute for Supply Management said US service sector activity rebounded in August and business owners are "mostly positive" about conditions.
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But while more than a fifth of American men aren't working, they aren't running to these new service-sector jobs. Why?
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A third survey painted a slightly more uplifting outlook for the country's service sector, which now accounts for the bulk of GDP.
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The reason that's concerning is that up this point the economy's been like a rowboat with only one oar – the service sector.
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The Ifo Business Climate is based on circa 9,000 monthly survey responses from firms in manufacturing, the service sector, trade and construction.
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The improvement was driven by the dominant service sector where the index rose to 52.9 from 51.1, easily beating expectations for 51.6.
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Agriculture is not as directly important to Canada's economy as the service sector, for example, said Brett House, Scotiabank's deputy chief economist.
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It is hardly a recent affair: in the 1960s Britain slapped a tax on the service sector in order to subsidise manufacturing.
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The post-crisis period has also been characterised by rapid growth in the service sector, which is more labour-intensive than industry.
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But in the overhauled figures, which draw on MCA21, the service sector is actually smaller than it was in the old figures.
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The Reuters Tankan service-sector index held steady at 26 in March, with retailers and wholesalers rebounding from the previous month's slump.
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And we're very much a part of the service sector, because when you order something online, someone needs to deliver the package.
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Stateside, data showed the pace of growth in the country's service sector increased in June by the fastest pace in seven months.
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The logic behind the rule is that those workers also receive pensions from their other jobs, often in the public service sector.
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Survey data on Monday showed Chinese manufacturing activity contracting for the first time in two years even as the service sector improved.
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His comments were particularly hawkish, considering figures earlier in the day showed the biggest slowdown in U.S. service sector growth since 22.1.
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"We think that could be a factor in depressing, on a seasonally adjusted basis, some of the service-sector hiring, " he said.
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What we should be doing instead is taking this shift seriously and thinking more about how to make service sector jobs better.
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The service-sector index grew to 25 in July from 22 in the previous month, led by real estate/construction and wholesalers.
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While confidence in the dominant service sector was stable in March, it rebounded in the wholesale industry and was unchanged in retail.
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One more thing: The spread of automation is putting service-sector jobs at risk, including occupations "dominated by women," per the NYT.
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Private business activity surveys showed both factory and service sector growth slowed markedly in February to their lowest levels since last summer.
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The population is young and English-speaking, and a booming service sector is keeping more educated Filipinos from seeking their fortunes abroad.
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Millions of Filipinos who live far from cities, attending substandard schools, are ill-equipped by education and geography for service-sector jobs.
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S. trade deal, strong U.S. data * U.S. service sector index rebounds more than expected * Graphic: World FX rates in 26.9867 http://tmsnrt.
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According to the Bureau of Labor Statistics, 94.6 percent of jobs added from 2014 to 2024 will be in the service sector.
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Many immigrants journey northwards to other parts of the country or the EU, seeking industrial or service sector jobs, explains Almudena Martín.
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Finance was one of the few bright spots in the service sector thanks to recent government stimulus measures to keep liquidity ample.
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Customer service boom The highest proportion of featured companies were drawn from the service sector, accounting for 79 companies from 20 countries.
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This is because many service-sector activities may be curbed by government and private firms shutting down workplaces as a precautionary measure.
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|
The US manufacturing sector has enjoyed big productivity gains, but the inherently labor-intensive service sector hasn't seen the same efficiency gains.
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The argument is that to work in the service sector, one must have a "good presence," a quality supposedly incompatible with melanin.
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The survey showed that France's dominant service sector bore the brunt of the storm battering the economy, while manufacturing retreated less dramatically.
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|
Service sector surveys in Europe, due later on Monday and a U.S. non-manufacturing survey due on Tuesday were also in focus.
|
|
IHS Markit will release data about the U.S. service sector on Monday as the economy tries to build on gains from November.
|
|
The changes are not just affecting manual labor: Computers are rapidly learning to do some white-collar and service-sector work, too.
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|
That is more growth than in the service sector, which the Bureau of Labor Statistics founds grew 1.6% over the same time.
|
|
Gold pared gains on Wednesday as the U.S. dollar came off its lows on strong data from the U.S. service sector index.
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|
The rate of growth in the economy's service sector perked up in January after its pace eroded in the prior two months.
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|
There are a few important economic reports in the week ahead, with PMI data on Monday on the service sector and manufacturing.
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|
Service sector surveys in Europe, due later on Monday and a U.S. non-manufacturing survey due on Tuesday were also in focus.
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|
Among 2000 big listed service-sector companies in America and Britain, lease commitments over the next decade or so amount to $240bn.
|
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Service sector output rose a seasonally adjusted 0.5 percent in June in monthly terms, in a sign private consumption is supporting growth.
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The service sector boomed in August, while factory orders sank more than expected a month earlier, according to two reports released Thursday.
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|
The "off-premise business is really booming within the food service sector," said Amanda Topper, associate director of foodservice research at Mintel.
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|
Manufacturing jobs command an average weekly earnings premium of 23% compared with the private service sector (Current employment statistics, BLS, Nov. 6).
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|
"January PMI data shows continued growth in Japanese service sector output," said Joe Hayes, economist at IHS Markit, which compiles the survey.
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|
"The tankan showed a balanced improvement in corporate sentiment at manufacturers and service-sector firms," said Yuichiro Nagai, an economist at Barclays Securities.
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It is particularly destructive for private, small- to medium-size enterprises in the service sector, or those that rely on operating cash flow.
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If air pollution had been lowered to 100 on all these days, service-sector output could have been $374m higher, reckon the authors.
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|
Investors' pent-up euphoria after the long holiday was only slightly affected by a disappointing private survey on China's service sector in September.
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|
Neither the services nor the manufacturing sectors were spared drops into contraction territory, and the dominant service sector saw activity reverse particularly sharply.
|
|
Although the service sector is still expanding, the gloomy report raises concern that America's manufacturing troubles are spilling over into the broader economy.
|
|
China's manufacturing activity grew more than expected in November, while the service sector expanded at its fastest pace since 2014, official surveys showed.
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Inflation in the service sector, largely generated by domestic activity because fewer services than goods are traded, is low and has been falling.
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It's a general workplace phenomenon but it's arguably more resonant in the service sector where there's an interaction between frontline staff and customers.
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Firms are keen to extract still more happiness from their employees as the service sector plays an ever greater role in the economy.
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Of course, the truth is that very similar statements are actually made about people of color regularly, especially those in service sector jobs.
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A sister survey released by the NBS on Friday showed growth in China's service sector moderated in November, but remained at solid levels.
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|
Meanwhile, service sector morale was also stable at 96 with those polled expecting stronger activity growth in May, the Bank of France said.
|
|
The Reuters poll found manufacturers' sentiment was expected to bounce over the coming three months, while service-sector morale was seen slipping slightly.
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|
Its tourism sector—in spite of being, as you called it, a low paid service sector—has tremendous potential for the long run.
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The U.S. economy's service sector expanded in January at a slower pace than the previous month, according to the Institute for Supply Management.
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Industry and property Both countries saw industry decline in the 1980s, sparking greater reliance on the service sector for employment and tax revenues.
|
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However, Britain's service sector growth was unscathed despite firms' concerns about the risk of a referendum on European Union membership likely in June.
|
|
As manufacturing has declined, power has flowed away from the unions representing factory and construction workers and toward public- and service-sector workers.
|
|
The service sector, 70% of the EU economy, is particularly hampered: in 2012 it accounted for only one-fifth of intra-EU trade.
|
|
Some research has indicated that the growth of occupational licensing, which makes it harder to enter many service-sector industries, constrains labour mobility.
|
|
Economists are forecasting a shrinking of Britain's crucial service sector, with a PMI reading of 49.2 (anything above 363 signals growth, below contraction).
|
|
Confidence in the service sector also plunged, to plus 13 from plus 25 in July, due to big drops at wholesalers and retailers.
|
|
And here, the facilitation of cross-border trade and the growing, competitive performance of the service sector provide something to really cheer about.
|
|
That represents a decline from September's 20163, which was the highest reading for the service sector index since August 2005, according to ISM.
|
|
The satellite service sector faces structural challenges over the role of satellite delivery, relative to streaming media offering customers content over the Internet.
|
|
Jobs data due later in the day are unlikely to change this view, especially after soft service sector employment data earlier this week.
|
|
According to the Census Bureau, the typical service sector position in Indiana paid $257,19993 in 21999, compared with $21999,220 for a manufacturing position.
|
|
So in a world that admires and hires beautiful people, our research suggests there's a potential downside, at least in the service sector.
|
|
And they have a valid case as there has been a significant shift in the U.S. economy from manufacturing to the service sector.
|
|
The domestic-service sector of the economy is growing rapidly — just not enough to pick up the slack of the slowing manufacturing sector.
|
|
Service sector output rose 0.1 percent in November in seasonally adjusted terms on-month, improving from a revised 0.3 percent fall in October.
|
|
Manufacturers' sentiment stood at a decade-high peak and service-sector mood maintained its two-year high, offering further evidence of broadening confidence.
|
|
As the resource extraction economy continues to shrink, most of the new jobs in rural areas are being created in the service sector.
|
|
But the headline breakdown suggests that the slowdown was driven by industry and construction, with growth in the service sector activity holding steady.
|
|
Overall, the service sector led the way in job gains, with public administration adding 18,900 workers, while educational services jobs increased by 16,700.
|
|
The service sector already accounts for 70 percent of the local economy, in part because of vacationers drawn to the province's scenic coast.
|
|
Employment in the food service sector reached a trough of 8.4 million jobs in October 2001, only about 16,000 below its August level.
|
|
Employment in the food service sector reached a trough of 8.4 million jobs in October 2001, only about 16,000 below its August level.
|
|
Moving from internal combustion to electric power does more than reduce tailpipe emissions: it will fundamentally shatter today's auto maintenance and service sector.
|
|
For instance, 13% of food service sector jobs posted required a high school diploma or equivalent compared to 21% in 2017, ZipRecruiter found.
|
|
That kind of behavior would deal a huge blow to the service sector, which now accounts for about 52% of the Chinese economy.
|
|
That kind of behavior could deal a huge blow to the service sector, which now accounts for about 52% of the Chinese economy.
|
|
The U.S. dollar pared its losses after data showed a service sector index increasing to its highest level in more than 12 years.
|
|
Analysts expect a slight increase in the index to 55.5 percent, from 54.8 percent in October, as the service sector continues to expand.
|
|
"Japan's service sector has been robust in 2019 so far, doing a good job at offsetting the strong drag from manufacturing," Hayes said.
|
|
The gloomy picture was underlined by sentiment indicators earlier on Wednesday showing confidence in the service sector at its lowest ebb since 2013.
|
|
On a positive note, my return coincided with a major initiative in my country to reform the civil-service sector through merit-based hiring.
|
|
The satellite service sector is facing structural challenges over the role of satellite delivery, relative to streaming media offering customers content over the Internet.
|
|
Inflation in the service sector, largely generated by domestic activity because fewer services than goods are traded, has been falling in the past year.
|
|
The service-sector mood was up two points to 30 in May, the best reading since the beginning of this year, led by retailers.
|
|
Germany led the positive surprises, its service sector growing at its strongest pace in five months to rise to 54.2 from 52.9 in December.
|
|
The Reuters Tankan service-sector index fell to 26 in February from a 1 1/2-year high of 30 in the previous month.
|
|
The service-sector index rose to 35 from 33 in the previous month, driven by gains in retailers as well as information/communications firms.
|
|
The rise of the service sector and the decline of manufacturing seem to have collided in unsettling way when it comes to gender norms.
|
|
Given the service sector is making up for the weakness in the manufacturing sector in many countries, any disappointment could further undermine investor sentiment.
|
|
Better than expected service sector data in Europe further helped the single currency as German 10-year Bund yields also headed back above zero.
|
|
Compared with three months ago, manufacturers' mood was unchanged and service-sector sentiment was slightly lower, suggesting that the BOJ tankan due on Oct.
|
|
Last week's targeted rate cut outweighed data on Monday, showing activity in China's service sector grew in September at its slowest since December 22.5.
|
|
Most tellingly, service-sector inflation, as measured by the consumer-price index for services excluding energy, rose 3.1 percent in the year to February.
|
|
Given the service sector is making up for the weakness in the manufacturing sectors in many countries, any disappointment could further undermine investor sentiment.
|
|
The index has been riding a wave of upbeat factory and service sector surveys out of the United States, Europe and Asia this week.
|
|
Service-sector employment, which makes up about 90 percent of all jobs, rose by 175,2023 jobs in May, a slight increase over April's 173,000.
|
|
"Unfortunately, it seems that the service sector may struggle to offset manufacturing weakness," said Joe Hayes, economist at IHS Markit, which compiles the survey.
|
|
Job growth in June was driven by businesses in the service sector, while jobs in the goods-producing sector were flat overall, ADP said.
|
|
Service-sector orders rose 6.0 percent in August, versus a 10.9 percent increase in the previous month as orders from companies in freight shipping.
|
|
In the service sector, employees' average work hours vary from 85033 in the busiest week to 25 in the leanest — a 32-percent swing.
|
|
Specular board members of TT and TTE are mostly appointed by the province to ensure ease of strategy implementation for the public service sector.
|
|
If we want to be a middle-class nation, we need policies that give service-sector workers the essentials of a middle-class life.
|
|
"The operating conditions of the service sector improved more significantly than the manufacturing sector," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group.
|
|
Stronger unions — or federal regulators, who have increasingly replaced unions as the primary advocates for workers — could improve conditions in the service sector, too.
|
|
That is three times the percentage generated by fees at credit unions serving workers at Safeway, Publix and Nordstrom — broadly similar service-sector employers.
|
|
For example, she said, there's a large concentration of Hispanic workers in construction and a large concentration of black workers in service sector jobs.
|
|
It's estimated that approximately a quarter of American workers, particularly in the service sector, currently lack access to paid sick leave through their employers.
|
|
Sterling climbed after Britain's service sector surged on the greater certainty resulting from the landslide Conservative election victory last month, despite a stagnant economy.
|
|
Still, a large part of the service sector is food service, which McKinsey found to be the most threatened industry, even more than manufacturing.
|
|
Overall, the PMIs showed that private sector manufacturing and service sector activity in the euro zone this month was its strongest since April 20.5.
|
|
Analysts expect a slight increase in the I.S.M. Index to 55.5 percent from 54.8 percent in October, as the service sector continues to expand.
|
|
"A faltering service sector together with listless manufacturing activity points to a downbeat outturn for UK GDP growth in the fourth quarter of 2019."
|
|
Still, service sector companies registered a fourth consecutive monthly rise in employment, linking the job creation to higher business requirements, the monthly survey showed.
|
|
Inequality tends to be highest in wealthy urban centers, where a few high earners make much more than blue collar or service sector workers.
|
|
The service-sector index slid to 25 from 34 in the previous month, dragged down by information/communications, retailers/wholesalers, and other service firms.
|
|
It marked Argentina's return to the international markets by putting a spotlight on investment opportunities across energy, agriculture, manufacturing, technology, and service sector industries.
|
|
Compared with December, the service-sector index was up six points, suggesting that the BOJ tankan may show improvement in large non-manufacturers' sentiment.
|
|
State aluminium producer PT Inalum will be the holding company for mining sector, while PT Danareksa will be the holding in financial service sector.
|
|
"Key to the recent deterioration has been a further spill-over of the trade-led slowdown in manufacturing to the service sector," Williamson said.
|
|
Even beyond the service sector, more and more white-collar workers are having their time invaded by emails, Slack messages, and other work responsibilities.
|
|
"Labor shortages are having a negative impact particularly on labor-intensive service-sector firms," said Satoshi Osanai, senior economist at Daiwa Institute of Research.
|
|
Growth in the bloc's dominant service sector was probably at its weakest since late 2014, a sister survey due on Wednesday is expected to show.
|
|
"Manufacturing — good, solid, middle class jobs — are disappearing, and what we're seeing is lots of job creation in the low-wage service sector," Ford said.
|
|
And even as service sector jobs have grown they've remained nonunion and often low-paid, despite recent attempts to unionize places like fast-food restaurants.
|
|
Factory and service sector surveys for December published earlier this week showed activity accelerated, with strong order books boding well for business in coming months.
|
|
The dollar index dropped 0.2% following that release of the ISM U.S. service sector PMI, which fell to its lowest since August 13 last month.
|
|
While industry morale plunged, the index in the service sector, which is much less exposed to the vagaries of international trade, was steady at 106.
|
|
While industry morale plunged, the index in the service sector, which is much less exposed to the vagaries of international trade, was steady at 106.
|
|
"This recovery was about cheap money, not economic fundamentals," said Schiff, suggesting that the non-service sector in the United States is already in recession.
|
|
"Service sector growth is now supporting the overall economy," Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, said in the statement accompanying the data.
|
|
The city registered growth of 7.8 percent in the first three quarters of this year, driven by the service sector, according to the local government.
|
|
Further supporting the dollar was data showing strength in the U.S. job market, with service sector activity racing to a 223-year high in September.
|
|
Roughly 4003 in 5 respondents — in both the manufacturing and service sector surveys — said they were not changing their plans in response to the ACA.
|
|
It is simply much, much harder to create new industries in the service sector when you lose 30 percent of your employees' time to Salat.
|
|
Even excluding all oil exports and looking solely at the service sector, the loss from Salat would still be more than $230 billion per year.
|
|
Poor service-sector sentiment in June comes after data released earlier in the day showed gains in price-adjusted real wages slowed further in May.
|
|
The service-sector index grew to 27 in May from 24 in the previous month, led by information/communications, transport/utility and other service firms.
|
|
When service sector exports are included, the bilateral U.S.-Korea trade deficit drops to $17.5 billion, revealing a more accurate picture of the trade relationship.
|
|
Markets had been watching the number for any signs of cracks in the service sector, which had been going strong while manufacturing dipped into recession.
|
|
Data on Thursday showed Italy's service sector posted its fastest growth for a decade in July, boosting prospects for the euro zone's third-largest economy.
|
|
The drop in jobs was led by a 24,200 decline in employment in the public administration industry, helping the service sector shed 26,900 positions overall.
|
|
The improvement of the current account balance mirrors the structural change in the economy towards the less import-intensive and high value-added service sector.
|
|
The same drivers claimed that they were making more with Uber and Cabify than they were working under the table in mostly service-sector jobs.
|
|
Activity in China's service sector also expanded at a faster pace - the Caixin China services PMI rose to 53.4 in December from 53.1 in November.
|
|
U.S. service sector activity slowed in January, suggesting economic growth weakened at the start of the first quarter even though the labor market remained resilient.
|
|
The service sector, which accounts for more than two-thirds of U.S. economic activity, has been expanding for 117 straight months, according to the ISM.
|
|
IHS Markit's composite PMI comprising manufacturing and service sector index data over the July-September period point to third quarter GDP growth of around 0.8%.
|
|
Service sector activity rose only 0.6% in the first nine months of this year, and only 0.7% in the 12 months to September, IBGE said.
|
|
The service sector, which includes consumer industries such as real estate, retail and leisure, has overtaken manufacturing to become the majority of the mainland economy.
|
|
A 2013 study found that 60 percent of the Mexican economy relied on the service sector, twice as much as the much-discussed manufacturing sector.
|
|
Survey data out of China, however, proved mixed with manufacturing activity contracting for the first time in two years even as the service sector improved.
|
|
WASHINGTON, April 25 (Reuters) - For details of the Federal Reserve Bank of Dallas's Texas service sector index released on Tuesday, please see: here Washington newsroom
|
|
Without an easing in trade tensions it's hard to see the yuan moves reversing, unless manufacturing and service sector surveys next week provide some relief.
|
|
McDonald's, a leader in the restaurant and food service sector, is a target in the Fight for $15 movement to raise pay, and rightly so.
|
|
"The often-dominant service sector delivered virtually no growth at all," said Rob Kent Smith, head of national accounts at the Office for National Statistics.
|
|
It's the others who live here — the people who clean boats and houses, who work in the service sector — that we need to worry about.
|
|
Service-sector optimism hit its highest in nearly five years this month, chiming with other business surveys from the Confederation of British Industry and Deloitte.
|
|
The service sector, in contrast to manufacturing, is just beginning to contend with automation and technological displacement — in the form of robots, apps and algorithms.
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The measure of economic movement in the service sector fell to 55.9, below the expected level of 57.6 forecast by a survey of Reuters economists.
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Service sector output and employment tend to be much less cyclical and volatile than in manufacturing ("Business cycles: theory, history, indicators and forecasting", Zarnowitz, 223).
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By sector, manufacturers' orders edged up 0.6%, boosted by steel, while core orders from the service-sector surged 27.8%, led by transport and postal business.
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In Asia, Caixin services PMI released Thursday reflected that July service sector growth in China rose more slowly compared to the month before, Reuters reported.
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A Reuters poll expects modest service sector growth from November, while manufacturing is expected to remain in deep contraction despite an improving performance since September.
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In terms of data, euro zone economic sentiment rebounded more than expected in November on the back of improved mood music in the service sector.
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What they're (really) saying: Phil Smith, an economist at IHS Markit, which compiles the reports on manufacturing and service sector activity, was far less kind.
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Canada added far more jobs than expected last month as service sector hiring accelerated and the unemployment rate fell from a three-year high, data showed.
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It gave no numerical breakdown of components with its preliminary estimate, but said industry and agriculture had been negative, while the service sector was "substantially stable".
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Those numbers are expected to continue to grow at a similar pace through this year, putting pressure on the service sector and those who supply it.
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Service sector output in February inched up a seasonally adjusted 0.3 percent on monthly terms, although failing to recoup a revised 1.3 percent fall in January.
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Chinese policymakers have long aimed to shift their economy away from dependence on investment-heavy construction and manufacturing and toward the service sector and domestic consumption.
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The service sector led June's jobs gains with 29,200 new jobs, including 27,000 professional, scientific and technical services positions, as employers hired more computer system designers.
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Legions of people are underemployed in low-paying service sector jobs which, when combined with our region's soaring rents, put them at substantial risk of homelessness.
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The economy failed to post growth in the first quarter from the previous three months on an annualized basis, missing expectations as service sector activity weakened.
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Productivity in such businesses, which are concentrated in the service sector, is vastly lower than in the chaebol—hence the huge gap in wages (see chart).
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The service-sector index grew to 24 in April from 22 in the previous month, led by industries such as construction/real estate and transport/utility.
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MEXICO CITY (Reuters) - Mexico's economy likely shrank in the second quarter, with a stagnant service sector and a drop in industrial output contributing to the decline.
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Business surveys on Thursday suggested further slowing in advanced economies in August, but service sector activity remained resilient, offsetting some of the drag from weak manufacturing.
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Before the Chinese markets' open, a Caixin PMI survey showed that service sector activity picked up strongly on-month in October to come in at 52.4.
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The growth of the less-volatile service sector relative to more-volatile manufacturing has helped stabilise the overall economy in terms of output, employment and prices.
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Service sector prices are up 3.2 percent, with the costs of housing, transportation and medical care rising in the range of 3.2 percent to 6.23 percent.
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Shares in Shanghai made marginal gains as a private survey of China's service sector showed activity expanded at its slowest pace in six months in March.
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Meanwhile, service sector output declined 0.7 percent from a month earlier, slipping from a 1.0 percent gain in June and breaking a five-month rising run.
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Treasury bonds also bounced, helped by data showing a surprisingly soft U.S. service sector index of 56.7, with new orders falling to a one-year low.
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The trade growth strategy adopted by the ministers spelled out broad principles for stimulating trade, including lowering costs, boosting trade finance and stimulating the service sector.
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The slow productivity growth in the service sector is attributable, in part, to the fact that most services are based on buying people's time and attention.
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But the service sector grew in July by 0.6 percent from June in adjusted terms, up from an expansion of 0.2 percent in the previous month.
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According to data released this morning, it appeared the growth momentum in China's service sector has softened, with business activity expanding at only a modest pace.
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However, while most of the discussion thus far has focused on the manufacturing sector, American service sector jobs need to be part of this important conversation.
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A reading above 50 shows economic expansion, and that number should show an 87th month of growth and a lot of strength in the service sector.
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The pace of growth in the U.S. service sector increased in June was the fastest in seven months, according to an industry report released on Wednesday.
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The U.S. service sector purchasing managers' index (PMI) from data vendor Markit for Jan fell to 53.2, the lowest since October 2013, from 54.3 in Dec.
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The Markit/Nikkei Japan service sector PMI rose to 52.4 in January from 51.5 in December, remaining above the 50 threshold for the 10th consecutive month.
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By sector, manufacturers' orders dropped 5.2%, dragged down by non-ferrous metals and transport machinery, while the service sector grew 2.6%, led by information and communications.
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The region's economy is well diversified and services-orientated, with 66.7% of gross value added represented by the service sector (above the national average of 63.4%).
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He said the United States did not subtract the $4 billion surplus its service sector received from Taiwan, and a $13 billion surplus from re-exports.
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The service-sector added 2628,28503 jobs last month behind a 22019,000 gain in professional services and the addition of 48,000 jobs in education and health services.
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One of the bright spots in the ADP report Wednesday was a shift away from the service-sector jobs that have dominated in recent hiring trends.
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The former seems to me a not unreasonable forecast — we've been losing good jobs for decades, while low-wage employment in the service sector has grown.
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Less exposed to foreign demand, the service sector managed to keep up growth by holding down price increases much lower than their input prices, pinching margins.
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"There are growing signs that the service sector, which has so far stabilised the economy, is also suffering more and more," said Commerzbank economist Ralph Solveen.
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"There are growing signs that the service sector, which has so far stabilized the economy, is also suffering more and more," said Commerzbank economist Ralph Solveen.
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For generations, Ireland was deeply conservative and its governments ceded much of the public service sector — schools, hospitals and orphanages, among other institutions — to the church.
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She noted that while the damage from the US-China trade war was limited to manufacturing, the coronavirus scare is impacting the far larger service sector.
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Service-sector optimism rose to its highest in nearly five years this month, chiming with other business surveys from the Confederation of British Industry and Deloitte.
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Service-sector confidence worsened in February for a third straight month to a 10-month low, data showed on Thursday, underscoring the fragility of consumer spending.
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Data out of China showed that the service sector in the world's second largest economy grew at the fastest pace in nearly six years in January.
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Previous BoE research has found that big increases in migration have a small negative impact on wages, especially for workers in low-skilled service sector jobs.
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Unlike many of its neighbors, Colorado's major source of job growth was in the service sector, which added more than 15,000 jobs in the past year.
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Italy's service sector grew in April at its fastest rate for almost a decade, bolstering prospects for near-term economic growth, a survey showed on Thursday.
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Business activity in the in America's service sector grew at the softest pace since March 2016, according to a report published on Thursday by IHS Markit.
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Mobile innovation will create Latin American service sector efficiencies The current experiential difference between the U.S. and Latin America creates two huge opportunities for O2O commerce growth.
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Numbers on the U.S. service sector were also downbeat, with the Institute for Supply Management's non-manufacturing index falling to 55.1 in June from 56.9 in May.
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NEW YORK (Reuters) - The U.S. economy's service sector expanded in December, but at its slowest pace in 20 months, according to an industry report released on Wednesday.
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In other parts of the service sector, especially pressure pumping, shortages of equipment and trained crews are even more acute, and prices have been rising even faster.
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Service-sector orders fell 11.1 percent, led by falling orders for trains, and computers and servers used in finance and insurance, Cabinet Office data showed on Thursday.
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Service-sector sentiment also improved for the first time in six quarters to hit a one-year high, on brightening business prospects among retailers, hotels and restaurants.
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Data showed the service sector in the world's No.1 economy slowed more than expected in January, raising worries weakness in manufacturing is spreading to other sectors.
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The weakness in France's dominant service sector weighed on overall business activity, with IHS Markit's overall PMI index also dropping more than flagged in a preliminary reading.
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They also see initial signs of recovery in private consumption, a perennial weak spot in Japan's economy, with service-sector sentiment hitting a nearly three-year high.
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The Reuters Tankan showed confidence at service-sector firms hitting a three-month high at plus 28, up two points in April from March, led by wholesalers.
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India's two-decade streak of fast economic expansion is often derided as "jobless growth" since the service sector-led model has been capital rather than labor intensive.
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Indias two-decade streak of fast economic expansion is often derided as "jobless growth" since the service sector-led model has been capital- rather than labor-intensive.
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The Reuters' monthly poll - which tracks the Bank of Japan's key quarterly tankan - found confidence at manufacturers and service-sector firms slipping over the next three months.
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In France's dominant service sector, companies took on new workers at the fastest pace since February while the flow of new business was the best since April.
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Many that survive would struggle to pay the rent for a mall unit and companies across the service sector are laying off staff intended to populate offices.
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"We do not think that there is a significant rise in service sector activity that can offset the downturn of the 'old economy,'" Yeung and Qu said.
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The service sector index rose to 27 from 18 in December, the first improvement in three months, led by retailers, real estate/construction and information/communications firms.
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"Price growth in the service sector such as restaurants and travel agencies is weakening, in a sign of softer demand-side pressure," a Statistics Korea official said.
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"[S]ince many service sector workers now have the capability of working remotely from home, this should further lessen the 'observable' GDP growth impact," the economists wrote.
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But Italy's service sector contracted for the first time in more than two years last month in a sign the euro zone's third largest economy is struggling.
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The U.S. economy's service sector expanded in March, a signal that business conditions are moving at a positive pace, according to an industry report released on Tuesday.
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India's two-decade streak of fast economic expansion is often derided as "jobless growth" since the service sector-led model has been capital- rather than labour-intensive.
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The growth of the service sector, which across Britain has compensated for the fall in manufacturing employment, is, unfortunately for rural areas, highly suited to urban places.
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The service-sector index fell sharply to plus 12 in November from plus 25 in the previous month due to a big drop in sentiment at retailers.
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"We want to send a clear signal to employers with these massive strikes," said Frank Bsirske, head of Verdi, Germany's biggest labor union for service sector employees.
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The service-sector index fell sharply to plus 12 in November from plus 25 in the previous month due to a big drop in sentiment at retailers.
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"We want to send a clear signal to employers with these massive strikes," Frank Bsirske, head of Verdi, Germany's biggest labour union for service sector employees, said.
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Household spending slumped in April and service-sector activity slowed in May, casting doubt on the strength of consumption - which makes up 60 percent of the economy.
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Economy-watchers have waited anxiously in the months since to see whether weakness in industry and construction would bleed into the service sector, where most Americans work.
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A report showed growth in China's service sector accelerating in August, while Britain's pound halted its decline on hopes a no-deal Brexit may yet be averted.
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Many of the displaced workers are in the service sector, who are often paid by the hour and don't have good paid leave benefits, according to Parrott.
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Williams said the reaction in energy prices was probably overdone, and the sectors most impacted should be retailers and other parts of the service sector, like restaurants.
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In September an index of service-sector activity showed signs of a slowdown, and growth in new business was the weakest since the index began in 2009.
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Construction stocks remained popular after China launched a new economic zone, offsetting any negative impact from a survey finding eased activity in China's service sector in March.
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That's a very helpful number to remember when one considers that in the past decade, the United States has primarily been adding low-wage, service-sector jobs.
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A Reuters Tankan poll earlier on Thursday showed Japanese manufacturers' business outlook was less pessimistic in October while service-sector sentiment rose to a three-month high.
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Underpinned by retailers, the service-sector index held steady at 31 in January reflecting firmness in private consumption, which accounts for about 60 percent of the economy.
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A Reuters Tankan poll earlier on Thursday showed Japanese manufacturers' business outlook was less pessimistic in October while service-sector sentiment rose to a three-month high.
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Partly as a result of that, the European industries are manufacturing the products of yesteryear, and relying on American and Chinese service sector, information and telecommunication technologies.
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Rising service sector costs, such as health care, housing and transportation also need attention as they consistently continue to rise in the 3 to 4 percent range.
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The Reuters Tankan's service-sector sentiment index was up two points to 30 in May, the best reading since the beginning of this year, led by retailers.
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Compared with three months ago, the service-sector index was down three points, suggesting a slight deterioration in the big non-manufacturers' sentiment in the BOJ tankan.
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And, as wages for service-sector jobs decline in earning power, the hours in the workweek increase, because people are forced to take more than one job.
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"Extending trading freedoms to our service sector means unlocking new, global markets for our tech companies, our finance industry and the wider knowledge-based economy," he said.
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Even if it's well intentioned, the Democrats' alternative — to boost the pay and security of new service-sector jobs — just isn't what these voters seem to want.
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The data underscores the divergence between exporters, who are feeling the pinch from the trade tension, and service-sector firms benefiting from the resilience in private consumption.
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The first, he said, is that if service sector and other "pink collar" jobs were higher-paying and more secure (perhaps unionized), they would attract more men.
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Blue laws are sometimes opposed on efficiency grounds: The service sector, we are assured, must be open on weekends, so that other workers can obtain those services.
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US Economy Elsewhere in economic data on Friday, the latest readings on service sector activity from both Markit Economics and the Institute for Supply Management were disappointments.
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Markit's final reading on service sector activity in May hit 51.3, just below expectations for 51.4 and, while still indicating expansion, the softest reading since the recession.
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The Reuters Tankan, which tracks the Bank of Japan's closely-watched tankan quarterly survey, also found service-sector firms' sentiment edging up, a further sign of broadening recovery.
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Manufacturers' mood is expected to rebound over the coming three months and service-sector morale is also seen edging up slightly, although the pace of recovery appears weak.
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A small decline in service sector jobs was offset by growth in the manufacturing industry, but overall private sector employment was broadly stagnant in March, IHS Markit said.
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Another tack is for policymakers to try to open protected areas of the economy to more competition: the European Union has been eyeing the service sector for years.
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Largely agrarian when he came to power, Thailand has since become an industrial and service-sector giant and is the second largest economy in Southeast Asia after Indonesia.
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The service-sector index held steady at 33 in February, weighed by retailers, with heavy snow in some parts of Japan and widespread cold weather seen discouraging shopping.
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It gave no numerical breakdown of components with its preliminary second quarter estimate, but said industry and agriculture had contracted, offset by some growth in the service sector.
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The service-sector index fell to 23 from 24 in March and is seen declining to 15 in July, weighed on by retailers, information/communications and transport/utilities.
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Although growth in the service sector held above the key 50 expansionary level, the January official non-manufacturing purchasing manager's index slowed to 53.5 from 54.4 in December.
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The ISM nonmanufacturing index showed the U.S. economy's service sector expanded in January but at a slower pace than the previous month, in a report that missed expectations.
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Other data indicated the pace of growth in the U.S. economy's service sector increased in April, led by a jump in new orders, according to an industry report.
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The Institute of Supply Management's non-manufacturing index, which tracks the U.S. economy's service sector, hit 57.5 for the month of April, coming out on top of expectations.
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ET, is likely to show a slight drop to 53.2 in February from 13 in January, suggesting that the service sector slowed slightly, although it continues to expand.
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Service-sector orders fell 17.1 percent, versus a 6.0 percent increase in the previous month, due to a decline in orders for railway cars, heavy machinery, and computers.
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"The growing share of manufacturing-related services indicates that if a slowdown in manufacturing is underway, the service sector may not be far behind," the ratings agency said.
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The private Caixin/Markit PMI found output, total new orders and output prices all returned to growth, while a survey of the service sector surprised with its strength.
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That country has a huge internal market and is currently focusing on household spending, residential investments, service sector industries, agriculture, urbanization, regional development, welfare improvements and poverty eradication.
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NEW YORK (Reuters) - The U.S. economy's service sector expanded in January but at a slower pace than the previous month, according to an industry report released on Wednesday.
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U.S. Treasury yields also rose after Institute for Supply Management data showed growth in the U.S. service sector rose in June at the fastest pace in seven months.
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In an economy where more than 80 percent of jobs are now in the service sector, it is not clear what being the party of "labor" still means.
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In May, service-sector growth in the United States slowed markedly and manufacturing continued a steep decline, according to recent purchasing managers' surveys by Markit, a data supplier.
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Technology, particularly computer science and information technology (IT), shapes the largest part of the U.S. economy: the service sector, which accounts for 2202 percent of our economic output.
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Elms noted that the Trump administration has focused its attention largely on manufactured goods, without much consideration given to the service sector, where the U.S. often runs surpluses.
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"Chinese internet and e-commerce companies are in the sweet spot of China's economy: domestic consumption; the service sector now comprises over half of China's GDP," Ahern said.
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The statistics agency data also showed service-sector output rose by a seasonally adjusted 0.4 percent in March on-month after a revised 0.2 percent rise in February.
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The service-sector index declined to 35 from a record high of 39 seen in the previous month, with retailers likely taking a hit from weak consumer spending.
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The question is if and when the spillover will happen to the service sector and to the labor market — especially in the larger economies like Germany and France.
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"This will probably be the world's first recession that starts in the service sector," said Gabriel Mathy, an assistant professor at American University whose specialty is economic history.
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So he went to work in the private service sector where his physical attributes — especially those society attributes to his skin color — were more valuable than his education.
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These are the largest service-sector employers where many respondents said they don't believe they have access to paid sick leave, based on data from 2018 and 2019.
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The survey's service sector business activity index slumped just over 24 points from 52.6 in February to 28.4 in March, surpassing the survey's February 2009 low of 39.2.
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The biggest sectors hit were service sector jobs in stores, restaurants and other leisure businesses, but the layoffs could start rolling into some parts of the manufacturing sector.
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Overall, the Purchasing Managers' Index (PMI) figures showed that private sector manufacturing and service sector activity in the euro zone this month was its strongest since April 2011.
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The billionaire philanthropist unveiled his plan Tuesday, calling for an expansion of existing AmeriCorps and Peace Corps programs and the creation of a new climate-focused service sector.
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Though service-sector activity remains resilient in Japan, analysts are worried domestic consumption could take a hit after the government raises the sales tax to 10% next month.
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Part of the problem now is that some 73 percent of the jobs added since 2010 have been in low-wage, service-sector jobs, according to Morgan Stanley.
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The employees who will be hurt by the ruling typically earn low-to-modest salaries in jobs at retail stores, hotels, call centers and other service-sector businesses.
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Squeezed into insecure, low-wage jobs in the service sector, many workers lacking the higher education required to profit from the new economy simply left the job market.
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By contrast, gasoline is used mostly by private motorists, so consumption is more geared towards performance of the much larger service sector and economy-wide employment (tmsnrt.rs/213DOnO4j).
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Though service-sector activity remains resilient in Japan, analysts are worried domestic consumption could take a hit after the government raises the sales tax to 10% next month.
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"Net external trade is expected to benefit from firmer service sector receipts, even if the merchandise deficit is widened on a bigger oil bill," the DBS economists added.
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The Reuters Tankan service-sector index slipped to 29 in August from the previous month's two-year high of 33, dragged down by retailers, information and communications firms.
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The government will split Ethio Telecom into two business units along infrastructure and service sector lines, state-affiliated Fana Broadcasting quoted Minister of Finance Ahmed Shide as saying.
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That transition has seen the service sector, which includes consumer industries such as real estate, retail and leisure, contribute more than 50 percent of the mainland's gross domestic product.
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It found that when service-sector employers used a job test, they hired workers who tended to stay at the job longer — indicating that they were a better match.
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"A sharp deterioration in service sector growth leaves the economy flat-lining in November as Brexit concerns intensified," Chris Williamson, IHS Markit's chief economist, said in an accompanying statement.
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About two-thirds of apprenticeships are in construction and manufacturing but President Trump sees great opportunity in the service sector and has doubled the DOL budget for cultivating apprenticeships.
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Corporate cafeteria jobs are also more likely to be full-time, unionized positions than those in the service sector; the cafeteria ban would reduce the number of such jobs.
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The Reuters' monthly poll - which tracks the Bank of Japan's key quarterly tankan - found confidence at manufacturers slipping over the next three months and service-sector firms holding steady.
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Officials need to apply "new development concepts" in promoting supply-side structural reform, boosting strong and emerging industries, upgrading traditional industries and developing a modern service sector, he added.
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"The risk for a number of (oilfield service) firms is to the downside," said Brad Handler, a Jefferies equity analyst in New York who follows the oilfield service sector.
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Among the most important economies, France's service sector activity picked up in February, Italy's expanded slightly after contracting in January, and Spain's eased a bit but less than expected.
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Robots have yet to make a big impact in the service sector and beyond, but as their capabilities improve and jobs for younger people go begging that may change.
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Japan has seen a similar pattern with manufacturers' sentiment having worsened, though service-sector activity remains firm as they are less vulnerable to the impact from slowing global trade.
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A sister survey also showed activity in China's service sector accelerated at a faster rate in November, reinforcing the view that any slowdown in the economy would be gradual.
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Growth was driven by a pickup in industrial activity, which advanced by 1.2 percent from the previous month, while the service sector expanded by 0.2 percent, the figures showed.
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But there has so far been only a deceleration, not a downturn, because economic weakness has been contained mostly to manufacturing, rather than afflicting the service sector (see chart).
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Meanwhile, Japan's service sector accounts for about 70 percent of its economic output, yet labor productivity is 40 percent less than in the U.S., according to Japanese government estimates.
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U.S. Treasury yields also rose after Institute for Supply Management (ISM) data showed growth in the U.S. service sector increased in June at the fastest pace in seven months.
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The U.S. service sector expanded at slower pace than expected in January suggesting this key area of the economy may be slowing, according to the Institute for Supply Management.
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It follows this month's BOJ tankan showing big Japanese manufacturers' mood held steady in the third quarter although service-sector sentiment worsened to its lowest in nearly two years.
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The longer-term outlook is also weak, with service-sector firms' expectations for the year ahead stronger than in June but still among the weakest readings since late 2012.
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The private Caixin/Markit PMI found output, total new orders and output prices all returned to growth also, while a survey of the service sector surprised with its strength.
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Alternatively, we may simply be bad at measuring the improvement in service-sector productivity and later revisions may show that GDP is higher (and inflation lower) than we thought.
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The manufacturers' index is seen rising to 29 in October, while the service-sector index is expected to hold steady, after July's decline led by real estate/construction firms.
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The longer workweek, constant "on call" status, and, for those in the service sector, uncertain working hours and unaffordable child care have all played a part in this problem.
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So far, the downturn has been concentrated in the manufacturing and construction sectors while the much larger service sector has exhibited continued resilience, at least in the advanced economies.
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"Manufacturers posted their fastest rise in production since June, but the service sector remained the key driver of growth, registering a solid expansion," said IHS Markit economist Eliot Kerr.
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The pair designed a software that can be installed on humanoid robotics company Aldebaran's Nao robot, widening its functions beyond the academic sphere to the service sector as well.
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Most people in any service-sector workplace will have experienced this, but it is the relentless calling at the call center that makes it so intense for staff there.
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This has helped Hispanics, who also disproportionately work in the service sector, to raise their incomes to a middle-class level because they are able to work more hours.
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SERVICES FALL China's service sector activity also contracted by the most ever, with official non-manufacturing PMI dropping to 29.6, from 54.1 in January, a separate NBS survey showed.
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About half of companies in the service sector also said they were hit, mainly due to a decline in demand and the cancellation of bookings, trade fairs and conferences.
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Data compiler IHS Markit said that its Purchasing Managers' Index (PMI) for the service sector rose to 53.4, the highest since November 2018 and up from 52.6 in July.
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He has now taken a job as a health club attendant, joining China's booming service sector, although he has taken a pay cut compared to his work at Ford.
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Still, a key global manufacturing index this week showed that both factory output and service sector activity slowed in February by the largest amount in more than a decade.
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The service sector of the economy that is dependent on a lot of direct service from person to person, I think is going to undergo some changes as well.
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Mexico's economy grew at its fastest pace in five months in January, data showed this week, helped by a pickup in industrial activity while the service sector also expanded.
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Last Friday, Beijing announced a policy to upgrade and integrate China's manufacturing sector with a "modern" service sector to respond to rapidly changing demand, according to an official document.
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Weak service-sector sentiment is bad news for the BOJ, which has struggled to lift inflation despite its controversial decision in January to lower interest rates into negative territory.
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TOKYO, Oct 2130 (Reuters) - Japanese government bond (JGB) yields fell across maturities on Friday after a soft U.S. service sector survey fanned growth worries and lowered U.S. Treasury yields.
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Recent UK data has been solid, with manufacturing and service sector activity accelerating, suggesting that the impact of Britain's exit from the European Union has been limited so far.
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Beijing is apparently trying to wean its economy off exports while seeking a larger output in service sector industries and greater consumption spending from its rapidly increasing middle class.
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More Americans work in these service sector jobs, which also lend themselves to more flexibility for employers in determining business location and tapping into many different pools of workers.
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He will have been encouraged by a Washington Post story Monday reporting that blue collar employment, typically prevalent in Trump country, is expanding more quickly than service sector jobs.
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German private sector activity shrank for the first time in 6-1/2 years in September as a manufacturing recession worsened and growth in the service sector lost momentum.
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Michael Merrill, Princeton, N.J. The solution lies in raising the standards of service-sector workers, enabling those who care for human needs to make a decent living doing so.
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"Ireland's service sector showed signs of a slowdown during October, with both activity and new business rising at the weakest rates in seven months," said IHS Markit economist Amritpal Virdee.
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Companies added jobs at a blistering pace in February, with a notable shift away from the service-sector positions that have dominated hiring for years, according to a report Wednesday.
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Politicians now hope to marry good exam results with the promotion of skills that will help pupils work in the city's growing service sector, and even to lead contented lives.
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PARIS (Reuters) - French business activity picked up more than expected in October, boosted mainly by a firmer service sector but also by resilient manufacturing, a monthly survey showed on Thursday.
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The dollar retraced its losses against the yen after data showed the pace of growth in the U.S. economy's service sector increased in June by the fastest in seven months.
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WASHINGTON (Reuters) - U.S. manufacturing activity barely grew in early June and the service sector cooled, signs that President Donald Trump's trade war with China could be weighing on the economy.
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Chung said 4.1 percent growth in service sector output from 'cultural activities' reflects a boost from the Winter Olympics, reversing the service sector's 1.8 percent fall in the fourth quarter.
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The U.S. food-service sector overall has seen traffic range from an increase of 0.6% to a decline of as much as -0.4% in recent years, according to NPD Group.
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But the service sector is still linked to manufacturing and the time series show clear evidence that changes in manufacturing activity and inflation can bleed across into the service economy.
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It is also true that middle-skilled jobs are becoming harder to find as the structure of the economy changes, and as the service sector—including the gig economy—expands.
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The dollar was lifted overnight when Institute for Supply Management data revealed that growth in the U.S. economy's service sector increased in June at its fastest pace in seven months.
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Moon pledged to boost employment especially in the public service sector, saying that the growth of big chaebols, which dominate Asia's fourth-biggest economy, have not translated into job growth.
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Service sector output rose by 1 percent in seasonally adjusted terms in June on-month, posting the fastest jump since December and saving the overall output figure from falling further.
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The service-sector index rose to 34 from 31 in November, led by gains in retailers, an encouraging sign for private consumption that constitutes some 60 percent of the economy.
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As China's economy continues to shift away from cheap exports in favor of the service sector and high-tech manufacturing, betting on domestic manufacturing seems prescient for some U.S. companies.
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For now, manpower is just one of many economic challenges: Singapore cut its 2016 growth forecast this month after revising down its second-quarter growth as the service sector contracted.
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An alternative reading from the U.S. Institute of Supply Management (ISM) showed the service sector PMI fell to 53.5 in January, the lowest since February 2014, from 55.8 in December.
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Service sector output edged up 0.1 percent on-month, compared to a 0.3 percent rise in January in seasonally adjusted terms, also revised slightly down from 0.5 percent reported earlier.
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Previous generations faced difficult adjustments when they left their farms for manufacturing and service-sector jobs in the cities, but they recognized that moving would ultimately improve their families' lives.
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Her legislative agenda including tax breaks and investment incentives for the service sector and relaxing labour laws to boost jobs has been bogged down in a parliament deadlocked by feuding.
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That grim reality is countered by resilient growth in consumer demand, as China's dynamic service sector continues to account for a larger share of overall economic output and job creation.
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The data follows figures last week that showed service sector activity in Brazil, which accounts for more than 70% of the economy, stagnated in May, confounding expectations for a fall.
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All throughout the food service sector, employers are currently trying to grapple with conversion to take-out only and reduced demand, which combine to greatly reduce their need for workers.
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The increase in service jobs involves not just the type of work people do at restaurants or clothing stores; service-sector employees include administrators, consultants, accountants and call-center representatives.
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The service sector, home care and child care, early education, and social work are among the lowest-paying industries in the U.S. They also all happen to be female-dominated.
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Later in the trading day focus is expected to shift to German service-sector data and a speech from the European Central Bank's Chief Economist Philip Lane at 1800 GMT.
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Activity in the service sector expanded at its weakest pace in six months in March, hurt by slower growth in new orders and intensifying cost pressures, a private survey showed.
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A sales tax hike that rolled out in October weighed on Japan's service sector, with the index for big non-manufacturers sliding to plus 20 from plus 21 in September.
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Temporary workers are needed for low-end service sector jobs, manufacturing, old age care and other areas hit by labor shortages, but Tokyo doesn't want those workers to become permanent.
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"Buying a [650-square-foot] apartment exceeds the budget of people who earn the average annual income in the highly skilled service sector in most world cities," notes the report.
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"While there were warnings of softer conditions in the service sector, linked to national railway strikes, manufacturing displayed mild signs of revival," said IHS Markit's principal economist Pollyanna De Lima.
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In fact, they might not even reach the same level of support as workers at other recent service-sector strikes like those at Stop & Shop grocery stores and Marriott hotels.
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In the mobile-satellite service sector, Inmarsat is under regional pressure from peers such as Globalstar and Thuraya Telecommunications that have both added more satellites in orbit, according to sources.
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German private sector activity shrank for the first time in 6-1/2 years in September as a manufacturing recession deepened unexpectedly and growth in the service sector lost momentum.
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German private sector activity shrank for the first time in 103-210/210 years in September, as a manufacturing recession worsened and growth in the service sector lost momentum too.
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A sister survey showed growth in China's service sector also kicked up a notch in March, with the official non-manufacturing Purchasing Managers' Index (PMI) rising to 54.6 from 54.4.
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A: Energy will show a strong rebound in the wake of rising oil prices and service-sector inflation will continue to accelerate as a result of the tight labor market.
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Service-sector confidence was unchanged from three months ago, the BOJ's "tankan" quarterly survey showed on Wednesday, underscoring the fragile and patchy nature of recovery in the world's third largest economy.
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The CBI's Growth Indicator is made up of data on output, sales and business volumes taken from the CBI's Industrial Trends Survey, its Distributive Trades Survey, and its Service Sector Survey.
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NEW YORK (Reuters) - The pace of growth in the U.S. economy's service sector increased in June by the fastest pace in seven months, according to an industry report released on Wednesday.
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Health care and social assistance, meanwhile, is expected to surpass state and local government, and the professional and business service sector as the largest employing sector of the economy by 2024.
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Instead, the proportion of jobs in the service sector has surged from 18 percent in 1850 to 19843 percent by the 1950s and now more than 80 percent in the 2010s.
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Instead, the proportion of jobs in the service sector has surged from 18 percent in 19843 to 50 percent by the 1950s and now more than 80 percent in the 2010s.
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"Tight labor market conditions and rising wage pressures are also a key challenge for service sector companies, which contributed to the slowest pace of job creation since August 2016," Moore said.
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The country's main business-lobbying group said the service sector – the main driver of the U.K. economy – was weakening before the referendum last month, with both domestic and overseas sales falling.
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"Even though service sector growth has been somewhat weaker recently, the fundamentals for continued strength in the second half of 2017 are still there," said Bert Colijn, senior economist at ING.
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"Buoyed by this favorable demand environment, service sector activity rose at the joint-quickest pace in over six years during March, rounding off the strongest quarter since Q1 2013," she said.
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This ambiguity bedevils official statistics: one analysis found that 10% of the decline of manufacturing employment in 1998-2006 was explained by manufacturing jobs simply being reclassified as service-sector ones.
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The service sector grew 0.9 percent on-quarter, but output of food and lodging services declined 0.9 percent even as South Korea hosted the Winter Olympics in PyeongChang in February-March.
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The service-sector index rose to 30 from 19 in December, boosted by retailers and wholesalers, somewhat easing concerns about the private consumption that constitutes about 60 percent of the economy.
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Instead, the proportion of jobs in the service sector has surged from 18 percent in 1850 to 50 percent by the 1950s and now more than 80 percent in the 19703s.
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Wieting said there is no clear message from the softer-than-expected August data, which also showed up in weaker ISM manufacturing and service-sector data in the last several days.
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The monthly Reuters Tankan, which closely tracks the Bank of Japan's tankan quarterly survey, showed service-sector sentiment improved but was seen falling back again - highlighting the fragility of domestic demand.
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Gross regional product per capita (the region has over five million inhabitants) was 161% of the national average in 2013 (the latest available data), mainly driven by the dominant service sector.
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"Japan's service sector remained resilient in February, contrasting to the struggles the country's manufacturers have endured so far this quarter," said Joe Hayes, economist at IHS Markit, which compiles the survey.
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The service-sector index fell for a second straight month to 9 from 14 in September, in a worrying sign for private consumption that constitutes about 60 percent of the economy.
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Moreover, that job growth has mainly consisted of service sector jobs, including restaurant and retail jobs, suggesting that higher paychecks in the city are contributing to strong consumer sales and growth.
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The majority of the economy, fueled by consumers and service-sector workers, is doing well, as is the construction sector, said Ward McCarthy, managing director and chief financial economist at Jefferies.
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In the case of China, the reduction of trade surpluses will hasten the structural transformation of the economy toward an increasing share of household consumption, domestic investments and service sector industries.
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"In stark contrast with the bleak manufacturing outlook, the EA (euro area) service sector keeps on holding up relatively well," Davide Oneglia, economist at TS Lombard, said in a note Monday.
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But a fast-growing service sector, particularly in business-process outsourcing—call centres, data transcription, software and engineering design, and other back-office tasks—has kept more skilled Filipinos at home.
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Chinese markets have had a tortuous start to the year, buffeted by the falling yuan, two days of stock exchange suspensions last week, and weak factory and service sector activity surveys.
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The service sector, which makes up the bulk of the nations' workers, fueled the boost at large firms, with the addition of 220006,2202 jobs in February, up from 2628,28500 in January.
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IHS Markit's composite PMI comprising manufacturing and service sector index data over the July-September period pointed to third-quarter GDP growth of around 0.8%, according to data released this week.
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Factory activity in China shrank for a sixth straight month in October while growth in the country's service sector activity was its slowest since February 2016, official data showed on Thursday.
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These blue collar gigs were and are special: they pay more than comparable jobs at that education level in the service sector, and they deliver way more than just a paycheck.
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In France, the service sector PMI is showing greater weakness, trending below 85033 for the past six months, which is at least partly the result of the ongoing "yellow vest" protests.
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Mr. Pilot works in the service sector, as most Americans now do, but he said he was voting for Mr. Trump because of his promises to return industrial jobs to America.
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The Institute for Supply Management (ISM) said its employment index fell to 49.7 in February from 52.1 a month earlier, marking the first fall in service-sector employment since February 2014.
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Business morale across the service sector worsened to hit its lowest level in almost five years and the loss of confidence could slow down investment and job creation in coming months.
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A sister survey showed growth in China's service sector picked up slightly in June, with the official non-manufacturing Purchasing Managers' Index (PMI) rising to 55.0 from 54.9 the previous month.
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Meanwhile, jobs in the service sector — like nursing, teaching, waiting tables, and selling real estate — have exploded, with more than three times as many people doing them today as in 212000.
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This new estimate was "notwithstanding a recovery in H2, as – in contrast to 2009 – the service sector will be hard hit, too," he added in a note sent out on Thursday.
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France, Germany and Italy all saw service sector PMIs pick up in December to either match or beat forecasts, with improvements over the broad set of data pushing the euro higher.
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Updated overtime pay standards would raise pay broadly in the service sector, as would closing the gender pay gap, through better disclosure of corporate pay scales, anti-discrimination legislation and litigation.
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All three of Mr. Macron's predecessors promised to reform France's antiquated welfare-state model and bloated civil-service sector, but all backed down before waves of national strikes and street protests.
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In early trading, official data from China showed factory activity shrank for a sixth straight month in October while growth in the country's service sector was its slowest since February 2016.
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The service sector and consumer spending can help provide continuing momentum and avert a formal recession – but only if the manufacturing situation does not worsen and starts to improve reasonably soon.
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The service sector and consumer spending can help provide continuing momentum and avert a formal recession but only if the manufacturing situation does not worsen and starts to improve reasonably soon.
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But sentiment at both manufacturers and the service sector was seen deteriorating further in the coming three months, boding ill for the central bank's tankan survey due next on April 1.
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And at the same time there are structural changes, such as digitalization, which have massive impacts on pricing powers; the effects of ageing, globalization, and the rise of the service sector.
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These blue-collar gigs were and are special: they pay more than comparable jobs at that education level in the service sector, and they deliver way more than just a paycheck.
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Meanwhile, the ISM non-manufacturing index hit 59.9 in January, well above the 56.5 expected by a survey of Reuters economists, a sign of continued expansion in the economy's service sector.
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Monday's survey showed German private sector activity shrank for the first time in 6-1/2 years in September as a manufacturing recession deepened and the service sector lost momentum too.
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On the data front, IHS Markit euro zone flash composite PMI estimates for December was recorded in line with expectations at 50.6, with service sector outperformance offsetting more disappointing manufacturing numbers.
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The service sector, which includes banks, restaurants and law firms, has slowed but not contracted because consumer spending remains sturdy, as evidenced by the strong Black Friday and Cyber Monday sales.
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Inflows of new work showed the smallest rise for nearly a year-and-a-half, while optimism about the business outlook in the service sector sank to its lowest since July 2015.
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In the process of this great acceleration, tens of millions of manual jobs in agriculture, mining and manufacturing have been eliminated to be replaced by even more employment in the service sector.
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Service-sector sentiment bounced from the prior month's drop, but it is seen down again in June, underscoring the fragility in private consumption, which accounts for roughly 6 percent of the economy.
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PARIS, Nov 6 (Reuters) - - French service sector activity picked up in October as companies stepped up hiring in the face of an increase in new business, a monthly survey showed on Tuesday.
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Already French business growth eased more than expected in July as a fall in export orders kept manufacturing from catching up with the stronger service sector, a monthly survey showed on Tuesday.
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Sentiment in the service sector and the retail industry was especially low on fears that a stronger yen and lower stock prices triggered by the Brexit would dampen already weak consumer spending.
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The Caixin/Markit services purchasing managers' index (PMI) rose to 54.4, the highest since January 2018 and up from February's 51.1, a private business survey of China's service sector showed on Wednesday.
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But regardless of which sector is ahead at any particular point in time, the more important point is that manufacturing wages are unlikely to dramatically diverge from wages in the service sector.
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The Institute for Supply Management (ISM) said on Thursday its employment index fell to 49.7 in February from 52.1 a month earlier, the first contraction in service-sector employment since February 2014.
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The service sector added 178,000 jobs driven by the professional and business services, wholesale, health care and leisure sectors, while retail employment was constrained by expected weakness in clothing and department stores.
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Workpop is focused on the 76 million hourly workers in the United States: service-sector jobs at restaurants and retailers that have, until now, largely been filled by work-intensive paper applications.
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Global stocks rose 0.5% by 20.803 GMT, as Europe rallied 22% after a positive session in Asia following a report showing that growth in China's service sector accelerated despite broader economic headwinds.
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PARIS (Reuters) - France's dominant service sector saw business pick up in August to its strongest pace in nine months as new orders firmed and hiring accelerated, a monthly survey showed on Wednesday.
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To suggest that women are making poor choices by performing essential service-sector and health-care work is especially absurd now, when we see them on the frontlines of a global pandemic.
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By sector, orders from manufacturers jumped 22.7 percent in April, after a 17.5 percent decline in March, while service-sector orders increased 0.4 percent in April, up for a fourth straight month.
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The final estimate for 2019/13 showed spending plans edged up modestly to A$120.3 billion, though intentions for the service sector cooled sharply for this year as well as next year.
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"It's encouraging to see the Indian service sector continuing to recover from the subdued performances noted in September and October," Pollyanna De Lima, principal economist at IHS Markit, said in a release.
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"Developments in U.S. high yield space also suggest some caution," he said, adding that the dollar may weaken further if U.S. service sector data from the Institute for Supply Management also slip.
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"The service sector continued to be the driving force behind any economic expansion in Japan as we approach the year-end," said Joe Hayes, economist at IHS Markit, which compiles the survey.
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After a shockingly bad reading of construction industry sentiment on Monday, the PMI survey of purchasing managers in Britain's dominant service sector showed only a minimal fall-off in activity last month.
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The monthly poll, which tracks the Bank of Japan's (BOJ) closely watched tankan quarterly survey, found service-sector sentiment held steady, suggesting that domestic demand may help offset rising headwinds from abroad.
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Many readers thought the nature of work should change, like shortening the workweek or improving fast-growing service-sector jobs: Childofsol, Alaska The standard workweek was set at 40 hours in 1940.
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The service-sector index inched up to plus 15 from plus 14 in January, but sentiment among retailers, information and communications weighed on overall business confidence, according to the survey conducted Jan.
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Japan's service sector will also be dented given it depends on a healthy supply of Chinese tourists: some 8 million of them visited Japan in 2018, according to the World Tourism Organization.
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Ms. Huang is a member of the New Power Party, which grew out of a protest movement in 2014 that halted the Kuomintang's plans to open Taiwan's service sector to Chinese investment.
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"What we are seeing is the service sector holding up comfortably well while the industrial slump has got more room to run and even possibly deepen," said Holger Schmieding Chief Economist at Berenberg.
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But it has not exploited the opportunity to introduce more competition to its protected service sector, improve its woeful record on digitisation or reform taxes, let alone rebalance its economy away from exports.
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Jakobsen says China could forge an enormous fiscal and monetary stimulus which opens up capital markets, prompts buoyant service sector growth and successfully delivers its longed-for transition to a consumption-led economy.
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Brazil's service sector, which accounts for almost three quarters of national economic activity, grew by a seasonally adjusted 0.3% in April from March, IBGE said, breaking a run of three consecutive monthly declines.
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Meanwhile, the indicator for the service sector was stable at 102 though firms said that overall demand was the weakest since August 2016 with restaurants, transport firms and car reporting particularly weak business.
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"But the situation is arguably worse this time, as the service-sector employers that previously absorbed many laid-off workers are now being squeezed by tighter regulations," Gavekal's Cui said in her report.
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In the first quarter, household expenditures accounted for nearly two-thirds of economic growth, while the 7.6 percent growth of the service sector outpaced by 1.8 percentage points the growth of traditional manufacturing.
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The Reuters' monthly poll - which tracks the Bank of Japan's key quarterly tankan - showed confidence at service-sector firms hit a four-month high, a tentative sign of a pickup in domestic demand.
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"Based on the SARS's experience, the service sector is likely to be more severely affected than the manufacturing sector, especially for the transportation sector, which is an important component of services," they wrote.
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Perhaps the most powerful draw of manufacturing for politicians, however, is the notion that it can help those who have been left behind by globalisation and the country's recent service-sector-led growth.
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Nearly a third of service sector firms and 37 percent of manufacturers said they weren't sure whether the Cadillac tax will apply to them, according to the Federal Reserve Bank of New York.
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Chinese leaders outlined initiatives after a policy meeting last October, where they reiterated goal of doubling GDP and incomes between 2010 and 2020 and committed to liberalizing the service sector to foreign investment.
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At the same time, tens of millions of new jobs, many of them unimaginable in 1970, let alone 1920 or 1870, have been created over the same period, mostly in the service sector.
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Weak service-sector sentiment and sluggish wage growth are bad news for Prime Minister Shinzo Abe, who has struggled to beat two decades of deflation and boost spending through his reflationary Abenomics policy.
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The service-sector index dropped sharply to 22 in February from 31 in the previous month, weighed by retailers, a worrying sign for consumption, which makes up about 60 percent of the economy.
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Service sector data, released early Monday, showed slowing orders, with the Caixin/Markit services purchasing managers' index falling to 50.8 in October from 53.1 in September, the lowest in more than a year.
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The British pound was firm at $1.3401, having gained on Tuesday on a strong UK service sector survey, also extending its recovery from a six-month low of $1.3205 set on May 29.
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The poll also found that service-sector sentiment held steady on solid domestic demand and growth in the number of foreign visitors to Japan, although labor shortages could weigh on the sector's spirits.
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The resilience came largely from the service sector, where the index rose to a better-than-expected 50.3 from 49.9 in June as the flow of new business improved and firms increased headcount.
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"The 'black money' drive will increase the pace of deceleration, specifically in the service sector, which has a lot of cash transactions," said Soumya Kanti Ghosh, chief economist at State Bank of India.
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A sister survey showed growth in China's service sector also picked up pace in May, with the official non-manufacturing Purchasing Managers' Index (PMI) edging up to 54.9 from 54.8 the previous month.
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Early readings on June have been weaker than expected, with factory activity contracting and growth in the service sector softening, business surveys showed, highlighting the need for more stimulus to stabilize the economy.
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"Following June's recent dip in momentum, July survey data signaled a slight pick-up in business activity growth in the service sector," said Sian Jones, economist at IHS Markit that compiles the survey.
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The sharing economy has become a large part of the service sector, with China's National Information Center projecting that the sharing economy will be worth 10 percent of China's total GDP by 2020.
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Mike King is national president and CEO of Volunteers of America and a member of Leadership 18, a coalition of human service sector nonprofits dedicated to preserving and enhancing the charitable tax deduction.
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Both manufacturers' and service-sector morale is expected to rise just slightly over the coming three months, underscoring a bumpy road ahead for the world's third largest economy, according to the Reuters Tankan.
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Growth in Germany's private sector slowed to a near four-year low last month and French service sector growth also slowed, indicating the outlook for the euro zone's second-biggest economy remained weak.
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While the Reuters Tankan's manufacturers' sentiment index is seen swinging back to plus 3 over the next three months, the service-sector index is expected to remain unchanged at plus 13 in November.
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Service-sector confidence, however, was unchanged from three months ago as bad weather hurt private consumption, the survey showed, underscoring the fragile and patchy nature of recovery in the world's third largest economy.
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More than 2300 million workers earn less than $103 an hour, and many Americans are upset about the loss of millions of factory jobs and the explosion of low-paying service-sector jobs.
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Oil consumption and especially the use of middle distillates such as diesel is geared more towards manufacturing, construction and mining than the service sector, so is being hit hard by the industrial slowdown.
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Compared with three months ago, manufacturers' mood was slightly lower while the service sector was unchanged, indicating the BOJ's tankan due next on July 2 will likely show business confidence as largely steady.
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Then, as we've seen professional and technical jobs grow and have seen more women getting into those fields — whether it's engineering or the retail and service sector — that balance is starting to shift.
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" But the growth of the service sector has led to more jobs that focus on appearance, leading some women to aim for what Ms. Wen refers to as the "rice bowl of youth.
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That is changing as the trend shifts to the service sector, however; several of the occupations that are expected to decline in coming years are dominated by women, including many office administrative jobs.
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Do you have the space and opportunities to attract and fit secure, well-paying jobs, ideally downtown and on public transit, or have you only made space for housing and the service sector?
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What we need is a renewed commitment to universal health care, much more investment in infrastructure, policies to help families and a return to policies that empower unions, especially in the service sector.
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Other economic data reports for the month of July released earlier this week showed bumper retail sales and strong activity in the dominant service sector, both rising at the fastest pace this year.
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The next readings on global economic health will be European August retail sales and a German service sector survey due on Thursday, and September's U.S. non-manufacturing ISM survey due at 1400 GMT.
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A mitigating factor could be that the import content of the service sector is much smaller than in manufacturing, but the uncertainty is likely to cause some global economic spillover, von Mehren suggested.
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"November's PMI surveys collectively suggest that the UK economy is staggering through the final quarter of 2019, with service sector output falling back into decline after a brief period of stabilization," Moore said.
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After a weak service-sector business sentiment report on Wednesday and dovish comments from New York Federal Reserve chief William Dudley, U.S money markets predicted no rise in official interest rates this year.
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TOKYO (Reuters) - Japan's service sector sentiment improved slightly in November, recovering from a multi-year low hit in the previous month when a sales tax hike and a huge typhoon hit business morale.
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And Europe releases Feb retail sales and final service-sector PMIs – normally final readings are a non-event but now they could they could be important because of how fast sentiment is changing.
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Still others, pointing out that the service sector was becoming more important in every country, suggested that service providers could not raise productivity as easily as manufacturers who could simply install new machines.
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Global stocks rose 210% by 21.489 GMT, as Europe rallied 22016% and after a positive session in Asia following a report showing that growth in China's service sector accelerated despite broader economic headwinds.
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SHANGHAI, March 2100 (Reuters) - Chinese stock investors gave a lukewarm welcome on Tuesday to the central bank's latest monetary policy easing move, as disappointing manufacturing and service sector surveys continued to curb risk appetite.
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TOKYO (Reuters) - Japan's April service sector sentiment index fell to its lowest reading since 2014 on worries about weak consumer spending and the economic impact from deadly earthquakes in southern Kyushu island last month.
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The British government is keen to develop a two-way trade and investment relationship, eyeing both an expanded market in Saudi Arabia for service sector exports, and attracting Saudi cash to finance domestic projects.
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"We don't think the trade war will have much impact on the Chinese consumption space," said Robert Mann, a Singapore-based portfolio manager at Nikko Asset Management, who sees opportunities in China's service sector.
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Poloz made the comments following a speech highlighting the role of the service sector in bolstering the economy at a time when it is still struggling with fallout from a drop in commodity prices.
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"The breakdown suggests that an acceleration in service sector activity offset a slowdown in the construction sector, which has been hit by the cooling property market and a reduction in fiscal support," he said.
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The warning for the U.K. follows hot on the heels of Markit PMI data on Friday 3 March which suggested growth in the UK's service sector eased to a five-month low in February.
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In reality, the loss of manual employment is the extension of a trend dating back more than 200 years that has gradually replaced physical jobs in agriculture, mining and manufacturing with service sector employment.
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Most urban Africans work in the service sector, selling anything–from shoeshines to jugs of water—to a small minority of the rich, who tend to be involved in either cronyish businesses or politics.
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Most working-class Americans (like Americans of all classes) work in the service sector and can be found in restaurants and hospitals and big-box stores doing local work for a local customer base.
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"The most concerning aspect of the latest data is a slowdown in new business growth to its weakest in a decade, driven by a sharp loss of momentum across the service sector," Moore said.
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Jones said that private service sector would be the main driver of the third-quarter GDP figure, and activity by these companies are set to go up by 0.8 percent in the same period.
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In reality, the loss of manual employment is the extension of a trend dating back more than 19703 years that has gradually replaced physical jobs in agriculture, mining and manufacturing with service sector employment.
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Goldman Sachs economists stepped back from their bold call for a Fed rate hike this month after a surprisingly weak report on the service sector and a lack of clear signals from Fed officials.
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The British pound was firm at $22.2, having gained 22018 percent on Tuesday on strong UK service sector survey, also extending its recovery from a six-month low of $22009 set on May 29.
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After a disappointing reading of construction industry sentiment on Monday, the PMI survey of purchasing managers in Britain's dominant service sector released on Tuesday showed only a minimal fall-off in activity last month.
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Every morning traffic in the Bay Area is clogged by service-sector commuters, some of whom live far off in the state's Central Valley and must make three-hour long treks in each direction.
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According to Ramos, service sector activity in Brazil is still almost 12% below the all-time high from January 2014, before the slowdown that culminated in the deep recession of 2015-16 set in.
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Interestingly, in spite of the rise of the PC and the Internet, which enable us to live and work more productively with less input, manufacturing productivity has skyrocketed, while service sector productivity has stagnated.
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His Kinner Jobs website, which will go live in September, aims to help transgender and intersex people develop their skills and find work, particularly in the service sector where formal qualifications are rarely required.
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However, investor interest in building long yuan positions was dampened after Thursday's downbeat surveys showing factory activity in China contracted for a third straight month in February, while the service sector also slowed slightly.
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The findings echoed those in official manufacturing and service sector data on Sunday, reinforcing views that China's economic growth remains solid but is starting to moderate after a surprisingly strong start to the year.
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Hong Kong financial firms have been subject to strict anti-money laundering laws introduced in 2012 but the service sector has until now been operating under self-regulatory regimes without the force of law.
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"Looking ahead, the service sector faces a challenging environment in which to grow and invest, with uncertainty about demand weighing on firms' minds," said the CBI's head of economic analysis and surveys, Anna Leach.
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"The slowdown spreading to the service sector from the manufacturing sector represents a downside risk to overall U.S. economic growth outlook," said Scott Anderson, chief economist at Bank of the West in San Francisco.
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First-quarter growth was fueled not only by exports but a pickup in investment and private consumption, though the service sector remained weak as a diplomatic spat with China saw Chinese tourist numbers fall.
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S. trade deal, strong U.S. data * U.S. service sector index rebounds more than expected * Dollar near 210-month high on yen, gold near low end of range * Graphic: World FX rates in 21 tmsnrt.
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All of the gains in October came from the service sector, which added 138,000 jobs, while production jobs fell by 13,3.63 as the manufacturing, construction and natural resources sectors each lost about 4,000 positions.
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While the index of 17 non-manufacturing industries, such as real estate and food services, has slowed for the last two months, the service sector has still seen continued expansion for eight consecutive years.
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S. trade deal, strong U.S. data * U.S. service sector index rebounds more than expected * Dollar near 3-month high on yen, gold near low end of range * Graphic: World FX rates in 252.6 tmsnrt.
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U.S. businesses slightly expanded hiring last month, from 176,000 jobs in June, on the continued strength in professional and business services and in the service sector among retailers, payroll processor ADP reported on Thursday.
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The PMI survey of purchasing managers in Britain's service sector released on Tuesday showed only a minimal fall-off in activity last month, after a disappointing reading of construction industry sentiment on Monday ECONGB.
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Another survey released by the NBS on Tuesday showed growth in China's service sector moderating in July, with the official non-manufacturing Purchasing Managers' Index (PMI) dipping to 54.0 from 55.0 the previous month.
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Inflationary pressures continued to cool across China's service sector as input prices grew at the slowest pace in April in six months while the increase in prices charged by services providers was only modest.
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But after decades of industrial decline fueled by globalization, automation, and the shift of the French economy to the service sector, the Hauts de France region decided to embark on a new economic journey.
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Moon has said the U.S trade deficit with South Korea was limited to products and was shrinking while South Korea continued to post large trade deficits with the United States in the service sector.
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While service sector firms continued to report improving domestic economic conditions and rising client demand this month, some suggested that spending cutbacks across the energy sector had a negative impact on their business activity.
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The program does not cover everybody who is hurt by global trade: service-sector workers were not eligible until 2009, and those who don't apply for the program don't show up in its records.
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The dollar index was down 13% against a basket of currencies, while Asian stocks bounced led by Chinese markets after a report showed growth in the country's service sector accelerating despite broader economic headwinds.
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MOSCOW, March 4 (Reuters) - Russia's service sector expanded in February but at a slower pace than the previous month amid softer growth in domestic demand, the Markit purchasing managers index (PMI) showed on Wednesday.
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"All of us have been on edge a little bit with declines on readings in the service sector, fearing that the trade problems would jump the fence from heavy to lighter industries," he said.
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The manufacturers' and service-sector indexes were expected to fall to 24 and 28 respectively in January, reflecting concerns about North Korea, the outlook for the Chinese and U.S. economies, and Japan's domestic politics.
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The non-manufacturing BSI, including the service sector which is expected to be hit hard by the virus, also fell to 66 for March, the lowest since April 2009 and from 77 for February.
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Meanwhile Russia's rouble was treading water as Brent crude prices fell to their lowest in nearly a month even though data showed the country's service sector recorded strong output growth at 55.1 in January.
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The unions that for so long made factory jobs a middle-class mainstay have not been much of a force in the service sector, partly because laws and regulations have made union organizing difficult.
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MOSCOW, Dec 31 (Reuters) - Activity in Russia's service sector expanded at the slowest pace in four months in December, despite a rise in new business, the Markit purchasing managers index (PMI) showed on Tuesday.
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The low-paid, low-turnout service sector offers the Democratic Party the potential to go beyond their coastal deadlock and break into Republican-leaning districts where white working-class voters have dominated close elections.
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The service sector accounted for the vast majority of new hires in August, adding 6900,2628 employees while the goods-producing sector added just 28503,22019 workers, partly under pressure from Trump's trade war with China.
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The survey showed that German private sector activity shrank for the first time in 6-1/2 years in September as a manufacturing recession deepened unexpectedly and growth in the service sector lost momentum.
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German private sector activity shrank for the first time in six-and-a-half years in September, survey data showed, as a manufacturing recession deepened unexpectedly and growth in the service sector lost momentum.
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DUBLIN, Nov 5 (Reuters) - Growth in the Irish service sector eased in October as inflationary pressures started to bite and new business grew at the slowest rate in seven months, a survey showed on Monday.
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"The post-election rebound seen in the service sector has faded away, with consumers and businesses increasingly cautious about their spending amid concerns over political impasses and its impact on the wider economy," she said.
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The resilience in France came largely from the service sector, where the index rose to a better-than-expected 50.3 from 49.9 in June as the flow of new business improved and firms increased headcount.
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Manufacturing has been particularly weak over the past several months, and the goods-producing side of the economy has declined steadily since the middle of 2018, while the larger service sector continues to add jobs.
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"For an economy that is so heavily dependent on the service sector, this is a particularly troubling release," Ian Lyngen, head of U.S. interest rates strategy at BMO Capital Markets wrote in a research note.
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Despite higher oil prices, Russia's rouble eased 2107.64 percent on the day as data showed the service sector growing at the lowest pace in three months and companies faced debt repayments in the fourth quarter.
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It effectively clears up none of the current uncertainty over Britain's status vis-a-vis the EU, and it would hurt a lot of businesses in the service sector, generally, and financial services, in particular.
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While short-term stimulus measures are likely to offset much of the impact, policymakers in the region could also mitigate the damage by liberalizing their own markets, particularly in the service sector, the IMF said.
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Watch this space: This heightens attention on the data releases still coming this week — namely the ISM non-manufacturing index, which will reveal the resilience of the service sector, and the September US jobs report.
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That was the biggest monthly fall since May last year and followed weaker-than-expected readings of industrial production, service sector activity and unemployment, all of which point to an economy struggling to gain traction.
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Some oil companies will rush back to Iran, and service sector and retail firms may invest because they do not need to risk much capital, but other businesses will be cautious, the Eurasia consultancy predicted.
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Indian politicians and IT industry heads have been lobbying U.S. lawmakers and officials from the Trump administration not to make drastic changes to visa rules, as this could hurt India's $203 billion IT service sector.
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The dollar tumbled on Tuesday after economic data showed the U.S. service sector grew at its slowest pace since early 294.83, which dimmed expectations for a near-term interest rate increase from the Federal Reserve.
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Baumol's work showed why it's wrong in theory, and the data shows that it's wrong in practice: Until 2006, workers in the manufacturing sector did make a bit more than workers in the service sector.
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The Times Businesses have lost faith in the political process, the Institute of Directors warned as research revealed that confidence in the service sector is sinking at its fastest pace since the financial crisis. bit.
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