Journal Article
What To Know About the Rise of Services
Marto, Ricardo (2024-03-22)
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.
Economic Synopses , Issue 6 , Pages 3 pages

Journal Article
Consumer Discretionary Sector Has Boosted Recent Regional Services Activity as Business and Professional Activity Slows
Wilkerson, Chad R.; Farha, Chase (2024-06-26)
The Kansas City Fed’s monthly services survey tracks business activity for a wide variety of services firms in the Tenth District. We segment the results into consumer services (both discretionary and nondiscretionary) and business and professional services and find that the consumer sector has been stronger than the business and professional sector recently, driven by discretionary services. Accordingly, consumer services firms report greater pricing power, expected wage growth, and capital expenditures.
Economic Bulletin