Service Industry
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US Service Industry is one of the major sectors in the non-good producing industries under private ownership. Approximately 55% of the economic activity of US occurs in service industries comprising of different divisions as classified by the North American Industry Classification System (NAICS).
Selected Transportation and Warehousing Services
These services include passengers and cargo transportation, transportation for tours and sightseeing, warehousing and storage of goods, and support activities associated with various modes of transportation including air, water, road, rail and pipeline. The productive asset of establishments of this service industry includes transportation equipment and facilities related with transportation. Repair and maintenance of transportation equipment, a support activity, is also another important sub-sector of this industry.
Professional, Scientific and Technical Services
Specializing in professional, scientific and technical activities, this industry includes establishments involved in accounting, bookkeeping, and payroll services, legal advice and representation, architectural, engineering, and specialized design services, research services, computer services, advertising services, veterinary services, consulting services, translation and interpretation services, photographic services.
Information Services
Information services are a significant part of US service industry. processes important in this context are production and distribution of information and cultural products. They offer the means of transmitting the products and data or communications and processing data. The establishments that form part of this industry include publishing industries, broadcasting industries, Internet service providers, motion picture and sound recording industries, data processing industries, web search portals and information services industries.
Health Care and Social Assistance Services
Comprising of establishments offering health care and social assistance services, this US service industry is also very important. Only trained professionals offer their services in establishments functioning under this industry and this ensures a superior quality of services.
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
The primary engagements of establishments of this service industry include covering securities issues, devising markets for securities and commodities, working as agents between buyers and sellers of commodities and securities, offering services for securities and commodities exchange and related services.
Administrative and Support and Waste Management and Remediation Services
Performing daily support activities for other establishments, main functions of this service industry of US include office administration, preparation of documents and such other clerical services, hiring and placement of personnel, security and surveillance services, solicitation, cleaning and waste disposal services and others.
Rental and Leasing Services
Chief function of establishments include offering various goods, machinery or equipment for a particular period on rent or lease.
Arts, Entertainment and Recreation Services
Offering its clients a range of facilities and services related to culture, entertainment and recreation, this service sector is also an important part of US service industry.
Additional Services
The establishments functioning under this sector are involved in providing services like advocacy, equipment or machinery repairing, pet care services, personal care services, etc.
