October 22, 2014

More About the Growth of Service Industries

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Recently I pointed out that service industries have outpaced goods-producing industries. The vast majority of jobs in the United States are in service-producing industries — about 80%.

Here’s more about the growth of service industries. According to the Bureau of Labor Statistics, the 10 fastest growing industries in the United States are all service industries. Go to this page for the industries expected to have the fastest growth rates through the year 2012.

Five of the 10 fastest growing are information services. Four of them are health-care services. The remaining one is a public works service (water and sewer systems).

Here is another chart with a macro view of service industries growing over the next seven years, while goods-producing industries decline.

Does this surprise you?

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Anita Campbell - CEO


Anita Campbell Anita Campbell is the Founder and Publisher of Small Business Trends and has been following trends in small businesses since 2003. She is the owner of BizSugar, a social media site for small businesses, and also serves as CEO of TweakYourBiz.com.

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