Journal Article
What To Know About the Rise of Services
Abstract: What should you know about the rise of services over the past 40 years? The services sector now accounts for about 79% of output, 85% of employment, 83% of firms, and 78% of household spending.
Keywords: services sector; service industries; economic output; employment; household spending; firms; establishments;
https://doi.org/10.20955/es.2024.6
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2024-03-22
Issue: 6
Pages: 3 pages