More About the Growth of Service Industries

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.

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

Anita Campbell Anita Campbell is the Founder, CEO 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.

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