Service sector activity "softened in December," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Overall, the service sector revenues index slipped to negative 4 in December, from positive 8 in November, while the number of employees index decreased to 1 from 20, the average wage index dropped to negative 3 from positive 8, and the expected product demand during the next six months index fell to 1 from 13.

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