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Want to stay up to date with the latest federal news and information from all your devices? Download the revamped Federal News Network app Some of the strength in the services sector is coming from supply chain troubles that are making it harder to meet increased demand. The Institute for Supply Management reports that its monthly survey of service industries increased by 2.4 percentage points in November from October record to a reading of 69.1 percent. WASHINGTON (AP) - Growth in the services sector, where most Americans work, hit an all-time high in November, surpassing the previous record set in October. Growth in US service sector reaches new heights in November That is a historically low level though still above the pre-pandemic jobless rate of 3.5%. The report from the Labor Department also showed that the unemployment rate fell sharply to 4.2% from 4.6%. WASHINGTON (AP) - America’s employers slowed the pace of their hiring in November, adding a still-solid 210,000 jobs, the fewest in nearly a year. US jobless rate sinks to 4.2% as many more people find jobs Treasury yields fell, rose and then fell again as investors struggled to square what the jobs report means the Fed will do on interest rates. It’s coming off a jolting stretch where it swerved by at least 1.2% in five straight days, pounded by uncertainty about how the newest coronavirus variant and about when the Federal Reserve will halt its support for markets. The S&P 500 was 1% lower after erasing an early gain. jobs, one that investors said was tough to parse, in the market’s latest bout of dizzying trading.
NEW YORK (AP) - Wall Street is slumping following a mixed reading on U.S. Stocks slump after murky jobs report, as markets swing