The Four Monster Service Sectors Whose Sales Dominate the U.S. Economy

by Wolf Richter Wolf Street

Their huge sales, dizzying growth rates, and high pay-scales move the needle.

Services that are being bought by consumers, businesses, and governments account for nearly two-thirds of the US economy. But four huge sectors totally dominate. They have seen explosive growth over the past few years; three of them by over 30% since 2019. These are the titans of the US economy: