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The Tenth District's expanding service sector

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  • Tim R. Smith

Abstract

The proliferation of service jobs in the nation has received much attention. While the manufacturing sector has suffered substantial job losses during the current business cycle, job growth in services has been brisk. Because the service sector comprises a diverse collection of service industries, there is considerable confusion about what kinds of jobs the service industries are creating and what factors will affect the outlook for the service sector.> In the Tenth District, service industry jobs have grown even faster than in the nation. As the service sector becomes a bigger share of the work force, its performance will increasingly influence the outlook for the region's economy. The service sector already employs more workers than any other economic sector in the district, yet little is known about the individual industries that make up this sector. Smith explores the dimensions of the district's service sector and considers the outlook for its key industries.

Suggested Citation

  • Tim R. Smith, 1994. "The Tenth District's expanding service sector," Economic Review, Federal Reserve Bank of Kansas City, vol. 79(Q III), pages 55-66.
    • Handle: RePEc:fip:fedker:y:1994:i:qiii:p:55-66:n:v.79no.3
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    References listed on IDEAS

    as
    1. Patricia E. Beeson & Michael F. Bryan, 1986. "The emerging service economy," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun.
    2. Erica L. Groshen, 1987. "Can services be a source of export-led growth? Evidence from the fourth district," Economic Review, Federal Reserve Bank of Cleveland, issue Q III, pages 2-15.
    3. William A. Testa, 1992. "Producer services: trends and prospects for the Seventh District," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 16(May), pages 19-28.
    4. William F. Fox & Tim R. Smith, 1990. "Economic development programs for states in the 1990s," Economic Review, Federal Reserve Bank of Kansas City, vol. 75(Jul), pages 25-35.
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