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US Business Growth Reaches Five-Year High
In September, the United States experienced an unprecedented acceleration in business growth not seen in over five years, with the composite Purchasing Managers' Index rising to 58.4 from 56.0 in August, supported by increased activity in both the services and manufacturing sectors. The country also recorded its highest hiring pace in over four years, despite ongoing challenges in supply chains and difficulties in finding suitable employees, which continue to pose inflationary risks despite signs of economic recovery.
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