US Economy Transitioning to Services-Led Growth | World Business Watch

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US Economy Transitioning to Services-Led Growth | World Business Watch

The US economy is undergoing a long-term structural shift, with jobs increasingly moving from manufacturing to the services sector.

This transformation has been driven by technological advancements, globalisation and outsourcing, leading to a steady decline in manufacturing employment since its peak in the 1970s.

The shift reflects deeper changes in how the US economy functions, with services now playing a central role in growth, employment and productivity.

#useconomy #jobs #manufacturing #services #wion

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