Census Bureau Reports Post-Recession Growth in 10 of 11 Service Sectors

by Sabrina I. Pacifici on February 6, 2012

News release:” “The U.S. Census Bureau today released its 2010 Service Annual Survey, which shows that of the nation’s 11 service sector, 10 showed an increase in revenues for employer firms between 2009 and 2010. Only the finance and insurance sector (NAICS 52) showed a loss ($27.2 billion, a loss of 0.8 percent). These figures are the first findings from this survey to track the revenues of services after the December 2007 to June 2009 recession. Accompanying these figures is a webinar that will examine the revenues of selected industries for the years 2005 to 2010, covering before and after the latest recession. The Service Annual Survey provides the most comprehensive national statistics available annually on service activity in the United States. Since 2009, the survey was expanded to collect data for all service industries, capturing 55 percent of U.S. gross domestic product (GDP). Previously, the survey accounted for only 30 percent of GDP.”

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