(Reuters) - In another sign of slowing growth, the Institute for Supply Management reported the service sector grew more slowly in July as its index fell to 55.8 from 60.7 in June.
There were indications that problems in the housing sector, where lenders face rising mortgage defaults and prices are declining in many metro markets, appeared to be spreading into hiring as construction businesses cut 12,000 jobs last month.
Read more at Reuters.com Business News
There were indications that problems in the housing sector, where lenders face rising mortgage defaults and prices are declining in many metro markets, appeared to be spreading into hiring as construction businesses cut 12,000 jobs last month.
Read more at Reuters.com Business News
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