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;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2024-03-22

Issue: 6

Pages: 3 pages