Summary Box: Service sector grows for 7th month in a row, brightening job outlook just a bit
By APWednesday, August 4, 2010
Summary Box: Service sector brightens jobs outlook
SERVICE SECTOR GROWS: The Institute for Supply Management said Wednesday its service-sector index rose to 54.3 in July. Levels above 50 signal growth. July was the seventh straight month of expansion.
BRIGHTER OUTLOOK: Businesses reported that new orders, an indicator of future business, grew faster. And hiring expectations also rose in July for only the second time since December 2007.
LONG ROAD AHEAD: A key employment report due out Friday is expected to show the nation actually lost jobs in July, mostly because of temporary census work that came to an end.
YOUR VIEW POINT
