U.S. services sector slows; labor market remains resilient

December 3, 2015 3:36 PM

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U.S. services sector slows; labor market remains resilient

WASHINGTON U.S. services sector activity slowed in November but a resilient labor market suggested the economy remained on a steady growth path.

Other data on Thursday showed planned job cuts in November were the lowest in 14 months, with the purge in the oil sector appearing to be slowing. In addition, factory orders rebounded in October after two straight months of declines.

Also read: U.S. Stocks Mixed After Jobs Report; Global Shares Down

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