Reported about 10 hours ago
In January, US business activity fell to a nine-month low due to escalating price pressures, but hiring saw a notable increase, indicating a resilient job market. S&P Global's Composite PMI Output Index dropped to 52.4, signifying growth in the private sector but a contraction in services. Despite concerns over potential tariffs and inflation, businesses reported a strong demand for workers, reflected in the highest employment index in two and a half years, primarily in the services sector.
Source: YAHOO