What percentage of the US economy is service based?

What percentage of the US economy is service based?

Last year, the services sector—a broad category of the economy that now includes financial services, media, transportation and technology—accounted for 67 percent of GDP in the United States.

What percentage of the US population is in the workforce?

The national labor force participation rate for the total population ages 16 and over decreased from 64.4% in 2010 to 63.6% in 2019. Despite the overall dip, the labor force participation rate went up across all age groups from 2010 to 2019: Ages 16 to 19: 37.7% to 39.9%. Ages 20 to 64: 77.5% to 78.3%.

What percentage of American jobs are office jobs?

Professionals were 59.8 percent of the total workforce in 2020, with 88.4 million people working across a wide variety of occupations….Gender, Racial, and Ethnic Makeup.

Occupation Group 2020 Percentage Women 2010 Percentage Women
Office and Administrative Support 72.7% 71.9%

What is the largest sector in the US economy?

The retail industry is the largest employer in the United States economy with the sector being responsible for 10% of the total employment in the country. Data from the National Retail Federation shows that the industry accounts directly or indirectly for over 15 million jobs.

How big is the service industry in the US?

Professional services firms in the United States generated nearly $2 trillion in combined revenue in 2018 (an 11 percent increase from 2017). That same year, the U.S. professional services industry included 9.4 million jobs spread out over 1.2 million firms.

What industry contributes the most to US GDP?

In 2020, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP to the United States in 2020. In that year, this industry added 4.66 trillion U.S. dollars to the national GDP.

How many people in the US are in the labor force?

164.6 million persons
The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a high of 164.6 million persons in February 2020, just at the start of the COVID-19 pandemic in the United States.

How many service workers are there in the US?

The number of people employed as Service Occupations has been growing at a rate of 0.544%, from 25,911,104 people in 2018 to 26,052,019 people in 2019.

What is the US major industries?

Automotive industry
Food industryIndustrial Organic Chemicals, NECPharmaceutical Preparation
United States/Major exports

What percentage of the economy is the service industry?

In 2018, the agriculture sector contributed around 0.86 percent to the Gross Domestic Product (GDP) of the United States. In that same year, 18.64 percent came from industry, and the service sector contributed the most to the GDP, at 76.89 percent.

What percentage of GDP is industry and services in the US?

Economy of the United States

GDP growth 2.9% (2018) 2.3% (2019) −3.5% (2020) 7.39% (2021e)
GDP per capita $68,310 (2021 est.)
GDP per capita rank 5th (nominal; 2021) 8th (PPP; 2021)
GDP by sector Agriculture: 0.9% Industry: 18.9% Services: 80.2% (2017 est.)

How many people work in the US Postal Service?

There are approximately 800,000 postal workers. Beyond the military and the postal service, 2 million people—just over 1% of the U.S. workforce or 0.6% of the total population—are permanently employed by the federal government.

How many people are employed by the federal government?

Beyond the military and the postal service, 2 million people—just over 1% of the U.S. workforce or 0.6% of the total population—are permanently employed by the federal government. More than 70% of…

What makes up the majority of the US workforce?

American workforce A significant majority of the American labor force is employed in the services sector, while the other sectors, industry and agriculture, account for less than 20 percent of the US economy.

How many people work in agriculture and food industry?

In 2017, 21.6 million full- and part-time jobs were related to the agricultural and food sectors—11.0 percent of total U.S. employment. Direct on-farm employment accounted for about 2.6 million of these jobs, or 1.3 percent of U.S. employment. Employment in agriculture- and food-related industries supported another 19.0 million jobs.