Jobs in service sectors, including airlines, hair salons, accountants, doctors, dentists, and plumbers, have helped keep the economy strong, as have non-manufacturing jobs such as mining, retail trade, construction, and real estate. According to the Institute for Supply Management, ''its index gauging the health of non-manufacturing industries registered 55.8, up from 54.8 in September,'' says an article on CNNMoney.com.

However, the managing director of the Economic Outlook Group, Bernard Baumohl, said that while the growth rates are good, you have to look at the "good producing sector" in order to "determine a turning point in the economy."

"People tend to still go to the dentist and the doctor even when things turn down," he said. "But you can put off a purchase of goods."

+ View Archives

If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.

Popular tags:

plants mining hair retail trade construction Bernard Baumohl manufacturing economy