The service sector in the United States expanded in November, according to data released Thursday by the Institute for Supply Management.
The release of data came after ADP and Moody & # 39; s Analytics reported that companies slowed the pace of job creation in November in the midst of a tight labor market. The two companies said yesterday that private companies added 179,000 payrolls last month. The economists interviewed by Refinitiv had predicted a gain of 195,000.
ISM reported at the beginning of the week that manufacturing activity rose last month. The ISM manufacturing index rose in November to 59.3 from 57.7 in October.