The Tenth District's expanding service sector

Tim R. Smith

Economic Review, 1994, vol. 79, issue Q III, 55-66

Abstract: The proliferation of service jobs in the nation has received much attention. While the manufacturing sector has suffered substantial job losses during the current business cycle, job growth in services has been brisk. Because the service sector comprises a diverse collection of service industries, there is considerable confusion about what kinds of jobs the service industries are creating and what factors will affect the outlook for the service sector.> In the Tenth District, service industry jobs have grown even faster than in the nation. As the service sector becomes a bigger share of the work force, its performance will increasingly influence the outlook for the region's economy. The service sector already employs more workers than any other economic sector in the district, yet little is known about the individual industries that make up this sector. Smith explores the dimensions of the district's service sector and considers the outlook for its key industries.

Keywords: Federal Reserve District, 10th; Service industries (search for similar items in EconPapers)
Date: 1994
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