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Federal Reserve Bank of St. Louis: What To Know About the Rise of Services
March 23, 2024
ST. LOUIS, Missouri, March 23 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following article:

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What To Know About the Rise of Services

by Ricardo Marto

The reallocation of economic activity away from manufacturing toward the services sector is a notable feature of advanced economies over the past 40 years. This essay presents four facts about the rise of services in the U.S. and other advanced economies.

1. Val . . .

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