About: http://data.cimple.eu/news-article/545f88fe97f352b46a19102160668e48b5b8b5a90e5cf529a0cfb1f3

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About: http://data.cimple.eu/news-article/545f88fe97f352b46a19102160668e48b5b8b5a90e5cf529a0cfb1f3 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The massive US services sector continued to recover in August, but was growing at a slower pace than in the prior month and employment continued to contract, according to an industry survey released Thursday. The Institute for Supply Management's services index slipped 1.2 points to 56.9 percent, with 15 services industries reporting growth. But that marked the third consecutive month of growth for the sector that comprises about two-thirds of the world's largest economy after contracting in April and May amid the coronavirus pandemic. Anything above 50 percent indicates growth. The last time the sector experienced a downturn was in November and December 2009 during the global financial crisis. However, the employment index continued to slow last month, with the index at 47.9 percent, although that was a sharp improvement over July and points to an improving job market, the report said. "Employment still contracting" but "it's slowing in its rate of contraction, so that's a good sign," ISM survey chairman Anthony Nieves told reporters. The expansion in services is "still not at pre-pandemic levels, but all signs indicate unless we have a derailment in the next few months that will continue to see this growth going forward," he said. He noted that survey respondents were "mostly optimistic" as businesses are starting to reopen, but those that have not opened their doors continue to worry about the uncertainty. "Our business activity is now thriving again, after modifications to our operations," said one firm in accommodation and food services, which pointed to tariff threats as a bigger concern especially regarding aluminum, as well as the rapid rise in lumber costs. But a wholesale trade company said: "We are significantly down from the pre-Covid-19 level. While month-over-month business activity is picking up, the pace is very slow and very slight." hs/ft
schema:headline	US services firms see slower growth in August: survey
schema:mentions	The Massive (comics) Great Recession Tariff Aluminium Pandemic Severe acute respiratory syndrome coronavirus 2 ISM band
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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