Economic Report:Service Industry Ticks Up - 05/06/08

Economic Report:

Services were up for the first time since December in April. According to the Institute for Supply Management, the index for non-manufacturing businesses crept up to 52. Economists consider anything above 50 to be positive and in March the number was at 49.6. Service sector employers added 90,000 jobs in April, while the building sector saw a loss of 61,000.