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US jobs, services sector data pointing towards economy's resilience

Reuters  |  Washington 

US private companies added workers at a fairly brisk clip in November and the services sector grew strongly, suggesting a slowing global economy is having a limited impact on domestic activity. The strengthening labour market conditions, however, are yet too spur faster wage growth. Other data on Wednesday showed sharp downward revisions to compensation in the second and third quarters, which could give the Federal Reserve ammunition to maintain its very low interest rate policy for a while. "With all of the talk about a recession in Japan, possible recession in the Euro zone and in ...

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First Published: Thu, December 04 2014. 00:10 IST