Service Sector Grows, U.S. Home Sales Rising

Summary


WASHINGTON - Employers holding out for more evidence that the economic recovery is finally taking hold got some Monday: The nation's service sector is growing quickly, and contracts for home sales are up.

The big question is whether the latest encouraging signs will help embolden companies to hire at a faster pace and bring down the unemployment rate.

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Service Sector Grows, U.S. Home Sales Rising

Some economists and corporate executives say it could. And they say they no longer fear a double-dip recession - in which the end of government stimulus money would tip the economy...

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