The Edge Malaysia·4 min read·hard
US service sector growth dips in June; employment rebounds after months of contraction
✦AI Summary
US services sector growth slowed in June, though employment figures showed a rebound after months of decline. The report notes that while oil prices have stabilized, underlying inflation remains a concern due to heavy business investment in AI.
BURSA SGX Home US Economy Make The Edge Malaysia your preferred source on Google WASHINGTON (July 6): US services sector activity dipped in June as some of the boost from businesses rushing to place orders amid the Middle East war ebbed, but employment rebounded after contracting for three straight months, pointing to continued labour market stability.
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