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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: