Survey: U.S. services firms grow slower, hire more

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WASHINGTON • U.S. services firms grew at a slower pace in June from May but added more jobs. The figures offered a mixed sign for companies that employ roughly 90 percent of the workforce. The Institute for Supply Management said Wednesday that its index of service-sector growth fell in June to 52.2. That’s down from 53.7 in May and the lowest reading in more than three years. Any reading above 50 indicates expansion. The index was dragged down by steep drops in new orders and a measure of the b...

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