U.S. service sector grows in October

(Dec. 5, 2012) -- "On its own, these data so far during the fourth quarter of 2012 indicate that growth in the overall U.S. economy is maintaining its modest upward trend," said Jeffries. "Discouragingly, however, the gauge of employment growth in each ISM index fell sharply in November, which was consistent with a slowing in the growth in overall employment in the month."