Graph of Every Job in America Shows Service Sector Dominates

The June non-farm payrolls report from the Bureau of Labor Statistics indicated that 288,000 non-farm payroll jobs were added during June – beating economists’ expectations of an increase by 211,000 jobs. The unemployment rate dropped from 6.3 percent to 6.1 percent.

According to the national employment report compiled by payroll processor Automatic Data Processing, the U.S. private sector added 281,000 new jobs last month, the fastest pace since late 2012. Of the new jobs added in June, 82% were service-sector, 5% were factory-sector, and 13% were construction.

US Service Sector accelerates in April

The US service sector accelerated in April, rising at the fastest pace in eight months as new orders jumped and overall activity quickened by the most since 2008.

The Institute for Supply Management (ISM) reported that its service index rose to 55.2, up from 53.1 in March. This was ahead of analyst expectations of 54.1. This marks the 52nd consecutive month of growth. A reading above 50 indicates the sector is expanding.

US Service Sector accelerates in March

The US service sector accelerated in March thanks to stronger employment.

The Institute for Supply Management (ISM) reported that its service index rose to 53.1, up from 51.6 in February. This was slightly below analyst expectations of 53.5. This marks the 51st consecutive month of growth. A reading above 50 indicates the sector is expanding.

Kerchunker profile: ServiceSource transitions to the cloud

Last week, I attended the Northland Growth Conference in NYC. It was an exciting day spent with some of the fastest growing SaaS (software as a service) companies in America. One of the intriguing meetings was when I sat down with ServiceSource (SREV) International's CEO Mike Smerklo and CFO Ashley Johnson. In the past two years, ServiceSource has unbundled its service offering and essentially built its own startup SaaS company on the fly. It's been no easy task from a business perspective but it was the best decision for its long term growth prospects.

US Service Sector slides to a four year low, employment plunges

The US service sector tumbled in Feburary to a four-year low thanks in part to a nasty winter.

The Institute for Supply Management (ISM) reported that its service index fell to 51.6 in February, down from its 54% January reading. Analysts had predicted a small drop to 53.5. This marks the 50th consecutive month of growth. A reading above 50 indicates the sector is expanding.

Investing in China is not dead, it's booming!

"The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly." - Warren Buffett

Why the Dow 30 is in desperate need of a reboot

The Dow Jones Industrial Average or the Dow 30 is one of the most watched US benchmarks. Created in 1896, investors have closely tracked its performance on a daily basis for more than a century. But is it still significant or is it in need of a reboot?

US Service Sector grows, hiring improves in January

The US service sector growth picked up in January after two months of slower growth.

The Institute for Supply Management (ISM) reported that its service index grew to 54% in January, up from its 53% December reading. This narrowly beat expectations of 53.7 from forecasters surveyed by Dow Jones Newswires. This marks the 49th consecutive month of growth. A reading above 50 indicates the sector is expanding.

New York Fed Announces New Service Sector Survey

The Federal Reserve Bank of New York this month began publishing the Business Leaders Survey covering service firms in New York, northern New Jersey, and southwestern Connecticut. The new survey makes sense for a region of the U.S. that is more closely connected to finance, tourism, and media than it is to manufacturing.

Kerchunker Profile: LifeLock to benefit from Target data breach

Cybercrime is on the rise. In the past, kerchunkeryou only needed to worry about pickpockets or losing your wallet. You knew could cancel your credit cards the next day and not have to worry much. Today criminals are focused on stealing millions of identities at a time. This is proved by Target's recent data breach of up to 110 million customers' data including credit card numbers, PIN numbers, names and addresses. According to the Bureau of Justice Statistics, about 7% of people aged 16 or over were victims of identity theft in 2012. This translates into over 12 million Americans who had to deal with the hassle of the aftermath. Identity theft resulted in over $21 billion in costs to victims and businesses. Today your data may be floating around the black market and you don't know when the actual identity theft will occur. 15% of identity theft victims don't know until 4 or more years has past.


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