US Economy Flashing Warning Signs—
with the services sector showing signs of stagnation~
Services make up ~”more than 2/3 of overall US economic activity,” yet seem to get little attention from the Trump Admin, which is highly focused on the production of goods.
The data from The Institute for Supply Management coincides with the BLS’s revised jobs report (which fired the BLS commissioner over).
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* https://fredblog.stlouisfed.org/2024/07/the-rise-of-services-in-the-us-economy/
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https://www.bloomberg.com/news/articles/2025-08-05/us-service-activity-nearly-stagnates-as-employment-contracts