New economic data showed that the U.S. service sector continued expanding in June, although growth slowed slightly compared with the previous month. At the same time, the employment index returned to growth after several months of contraction, suggesting businesses have become more willing to hire despite ongoing economic uncertainty. Economists view the stronger labor market as a positive sign but caution that demand remains uneven across industries. The report provides insight into current labor market conditions and how employers are responding to changes in the broader economy.
See "US Service Sector Growth Dips June Employment Rebounds After Months Contraction", Staff, Reuters, July 6, 2026