We first used this graph several months ago. Just couldn’t pass up the opportunity to post the updated version showing job growth! An important part of the good employment news is the growth in the service sector. According to an article by the Associated Press today, “The U.S. service sector grew in March at its fastest pace in more than two years, suggesting the economic recovery is expanding from the nation’s factories to its shops, restaurants, hospitals and other big sources of jobs.”
The reason it is important to keep our eye on service employment is that it is linked closely with consumer spending, which accounts for around 70% of our economy. And, about 80% of our nation’s jobs are service jobs, like: retail; financial services; and healthcare.
This is nothing but good news for most of the nation. How ’bout a smile, Republicans?
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