US Economy Transitioning to Services-Led Growth | World Business Watch
Edited By WION Video Desk
Published: Mar 26, 2026, 10:30 IST | Updated: Mar 26, 2026, 10:30 IST
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.
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