U.S. services sector cooling; jobs market resilient

Activity in the vast U.S. services sector slowed to a near two-year low in January, suggesting that economic growth weakened further at the start of the first quarter even as the labor market remains resilient. Spending cuts by energy firms, reeling from a collapse in oil prices, have also dragged on growth. Until recently, services sector strength had offered hope that the economy would weather both the domestic and global headwinds, which held gross domestic product growth to a 0.7 percent ann