The U.S. services sector continued to expand in June as businesses reported steady customer demand and easing inflation pressures, while ongoing investment in artificial intelligence infrastructure created fresh supply chain bottlenecks for key materials and components.
The latest business surveys showed the nation's largest economic sector remained in growth territory during June, although the two closely watched measures offered different views on hiring. One survey showed employment rebounding after several months of contraction, while another reported staffing levels continued to decline even as new business strengthened.
