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February 6, 2013

Hiring is picking up at U.S. service firms

  • One gauge of hiring is at its highest level in nearly seven years.
    AP Economics Writer

    WASHINGTON — Growth at U.S. service companies slowed slightly in January behind weaker new orders and business activity. But hiring improved, a bright sign for the economy.

    The Institute for Supply Management said Tuesday that its index of non-manufacturing activity dipped to 55.2 in January. That's down from 55.7 in December, which was the highest level in nearly a year. Any reading above 50 indicates expansion.

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