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US service firms grow more quickly, boost hiring

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WASHINGTON (AP) — U.S. service firms expanded more quickly last month as new orders rose and hiring increased, a positive sign the economy is rebounding after an unusually cold winter. The Institute for Supply Management said Thursday that its service-sector index rose to 53.1 in March from 51.6 in February. Any reading above 50 indicates expansion. The increase was driven by a big jump in a...

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