WASHINGTON — U.S. service firms expanded more quickly last month as new orders rose and hiring increased, a positive sign that the economy is rebounding after an unusually cold winter.
The Institute for Supply Management says its service-sector index rose to 53.1 in March from 51.6 in February. Any reading above 50 indicates expansion.
A measure of hiring jumped 6.1 points to 53.4, reversing most of a nine-point plunge that occurred in February that was mostly blamed on the weather. The increase is a hopeful sign just before the government's employment report for March, to be released Friday.
The survey covers businesses that employ 90 percent of the workforce, including retail, construction, health care and financial services firms.
- What's in a name? At Grand Canyon, history,...
- Are you part of the global 'baby shortage'?
- Another study lists Salt Lake as one of the...
- Faith leaders: your secret weapon in the...
- Nintendo opens 2015 with some big announcements
- No-tip restaurant offers food for thought on...
- Kimberly Rotter: 7 weird things that affect...
- Randy Shumway: The winners and losers of...
- EPA inventory highlights 'toxic'... 19
- Analysis: Obama seizes on recovery,... 17
- Obama's proposed mandatory paid... 13
- Utah has fourth largest gender wage... 12
- Another study lists Salt Lake as one of... 10
- Are you part of the global 'baby... 10
- Survey ranks Utah's best and worst... 9
- Obama pitches his economic plan to... 6