World News

Growth Speeds Up For Largest Part of US Economy

The pace of growth in the largest segment of the U.S. economy accelerated in July.

Monday's report from a business group shows the services sector expanded more quickly than most economists had predicted.

The services sector covers most of the workforce, including retail, construction, health care, financial services, and other areas.

The Institute for Supply Management's gauge of the services sector jumped nearly four percentage points to a reading of 56.

Any reading above 50 indicates growth.

Featured Story

Rescued migrants arrive at the southern Italian port of Corigliano, Italy, April 15, 2015.

Video Overwhelmed by Migrants, Italy Mulls Action to Stabilize Libya

Amnesty International says multinational concerted humanitarian effort must be enacted to address crisis; decrepit boats continue to bring thousands of new arrivals daily More