Growth surge in service industry

Last January, U.S. companies grew at the fastest pace in 11 months in order to keep up with rising demand.  The Institute for Supply Management said Friday that the index of non-manufacturing activity jumped 3.8 percentage points in January to 56.8 percent.  The survey’s employment index showed 57.4 percent which is its highest level since February 2006, whenever the employment index is above 50 percent, it means that the particular industry is expanding.  The service sector employs 9 out of every 10 U.S. Workers.

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