Word: sectored
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...economists disagree on the immediate future course of U.S. business (see State of Business), they all agree on one basic premise: the U.S. economy has undergone such a profound change in recent years that the old tools to measure its size and health are no longer adequate. The biggest sector of the economy is no longer the production of such tangibles as appliances, cars, houses; it is the performance of services, ranging from medical checkups to European trips and cha-cha lessons. In this new economy, there are 33 million employed in performing services compared to only 27 million working...
...increase in productivity in services. Another is that the real value of a good doctor or a good teacher is hard to translate into dollars and cents. Better measurements are needed, so that the emphasis on production statistics will not bulk so large as to overshadow the fastest-growing sector of the nation's business...
...service spending, which rose more than 3%. With the drop in total personal income thus cushioned, demand picks up all the more quickly. Thus, as service employees and service spending increase, the U.S. economy is likely to become more and more stable, less susceptible to fluctuations in the production sector that have touched off overall economic setbacks in the past...
Fresh from his tent outside Berlin's Red sector where he wound up his , successful German crusade. Evangelist Billy Graham moved into Manhattan's Madison Square Garden last week. The message Madison of repentance and salvation was much the same as in his New York Crusade three years ago-but the words were different...
...college students. In 1970 they may enroll 65%, and in Western states already enroll up to 96%. This year state colleges and universities will confer 55% of all undergraduate degrees, 60% of masters' degrees and 54% of doctorates. The U.S. academic economy has clearly shifted to the public sector...