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Service sector grows in November despite tariff, employment concerns



The service sector in the United States expanded in November, according to data released Thursday by the Institute for Supply Management.

,300 points in the last two trading sessions, as fears of economic slowdown and a reverse yield curve scares investors.

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.


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