Economics

Growth at U.S. Service Firms Quickens While Employment Cools

An American flag is displayed on a factory floor in Bowling Green, Kentucky.Photographer: Luke Sharrett/Bloomberg

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By Vince Golle

September 5, 2019 at 2:00 PM UTC

Updated on

September 5, 2019 at 2:48 PM UTC

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Growth at U.S. service industries in August comfortably topped expectations on the sharpest monthly rebound in business activity since early 2008, favorable figures that were tempered by a slowdown in hiring.