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The vast services sector has fared better than its manufacturing counterpart, which contracted during the summer.
Companies in the vast services sector continued to add workers, but at a much slower pace than in recent years.
And Hewlett-Packard, the largest technology company, added the vast services business of Electronic Data Systems to complement its hardware and software product lines.
Companies in the United States added more jobs than expected last month while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
Competitors like Hewlett-Packard and I.B.M. have also proved better equipped to deal with stagnant hardware orders because of vast services businesses, software sales and long-term contracts with customers.
The vast services industry, usually a source of stability, has cut 121,000 jobs in the last six months, with department stores, restaurants, airlines and hotels all paring their payrolls in March.
Similar(47)
Many analysts and industry observers have said that Bear's vast brokerage services were perhaps the most valuable asset in the deal aside from its billion-dollar headquarters in New York.
A vast service industry tends to their needs.
The vast service sector is also making this shift.
Employment in the vast service sector rose 70,000 in May, about half of its average increase over the last year and a half.
Now there is clear evidence that job-cutting has spread through the vast service sector as well.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com