WASHINGTON (AP) — Two days before the government's much-anticipated jobs report, a snapshot of employment trends in the service sector flashed an ominous sign.
Hotels, restaurants, banks and other service companies, which employ 90 percent of Americans, reduced the size of their work forces in September, according to a survey of purchasing managers conducted by the Institute of Supply Management.
The Labor Department's monthly jobs report will be released Friday. The last time it showed a net loss of jobs was in September 2010 — one month after the ISM's monthly survey signaled the same trend.
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