The job-market sector employing the most Americans has been shrinking for months — building a case for another Fed rate cut

The job-market sector employing the most Americans has been shrinking for months — building a case for another Fed rate cut


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The Institute for Supply Management said on Friday that employment contracted in the service sector for the fourth straight month in September.

The service sector, which employs the most Americans (

comprising about four jobs in five), has been more immune to tariffs than the manufacturing sector. But service companies are now also pausing hiring.



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