The service industry may be the first to regain jobs when the economy begins to bounce back.
According to an article by MSNBC, John Connaughton, regional economist and University of North Carolina-Charlotte professor, thinks that when the economy begins to gain traction again, service industry jobs will be the first to appear.
“Services make up a bigger part of what it is we buy as consumers,” he said in the article. “We buy more and more services and fewer and fewer stuff, goods. Professional services, architects, engineers, accountants, they are all in there. Medical care, hospitality industry, hotels, motels, conferences are service industry jobs.”
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