April Sees Growth in the Service Economy

Human ResourcesMoney Matters
Written By Jennifer Joslyn

👨🏻‍🔧 April Sees Growth in the Service Economy.

A services economy refers to an economy where the majority of the economic activity is focused on providing services rather than producing goods. In this type of economy, industries such as healthcare, education, finance, retail, transportation, and entertainment are the primary drivers of economic growth and job creation. Recently, the ISM announced an increase in the PMI of 0.7% over March's 51.2, indicating growth in the services sector.

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Jennifer Joslyn
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