TERTIARY JOBSSERVICE SECTOR OF THE ECONOMY

OBJ: TO DIFFERENTIATE THE DIFFERENT TYPES OF SERVICE JOBS AND WHERE THOSE SERVICES ARE DISTRIBUTED

VOCABULARY• SERVICE: ANY ACTIVITY THAT FULFILLS A HUMAN WANT OR NEED & RETURNS

MONEY TO THOSE WHO PROVIDE IT• SETTLEMENT: PERMANENT COLLECTION OF BUILDINGS WHERE PEOPLE RESIDE,

WORK & OBTAIN SERVICES.

CONSUMER SERVICES • PROVIDES SERVICES TO INDIVIDUALS WHO DESIRE THEM & CAN PAY FOR THEM

• IF A CUSTOMER IS PAYING THEN IT’S A CONSUMER SERVICE

• NEARLY ½ OF ALL JOBS IN THE U.S. ARE IN CONSUMER SERVICES

BUSINESS SERVICES• IF THE BUSINESS PAYS

FOR IT IT’S A BUSINESS SERVICE

• FACILITATES THE ACTIVITIES OF OTHER BUSINESSES.

• ¼ OF ALL JOBS IN U.S. ARE IN BUSINESS SERVICES

• PROFESSIONAL, FINANCIAL, TRANS-PORTATION & INFORMATION

PUBLIC SERVICES• PROVIDES

SECURITY & PROTECTION FOR CITIZENS & BUSINESSES

• 10% OF ALL U.S. JOBS IN PUBLIC SECTOR – EXCLU-DING EDUCATORS

• LAW ENFORCEMENT

• FEDERAL EMPLOYEES

SERVICE EMPLOYMENT• SERVICE SECTOR MOST GROWTH

• HEALTH CARE & PROFESSIONAL JOBS GREW THE MOST

• SERVICE SECTOR IMPACTED MOST BY 2008 RECESSION

• PRACTICES IN FINANCE & REAL ESTATE HELPED CAUSE RECESSION