U.S. services sector activity hits three-year low; labor market solid
Although there is a rising risk of recession, the economy seems to be growing at a moderate pace. Activity in the service sector has hit a three year low, in part due to uncertainty surrounding tariffs and trade issues. This is concerning because the service sector accounts for greater than two thirds of the economic activity in the U.S. It seems to be the strong labor market that continues to drive the economic expansion that has been occurring for nearly 11 years.
See "U.S. services sector activity hits three-year low; labor market solid", Lucia Mutikani, Reuters, October 3, 2019