Service Industries | Manufacturing / Goods-producing Industries | |
---|---|---|
Share of US employment in... | 86 | 14 |
Share of earnings in S&P500 coming from... | 32 | 68 |
Economic Sector
%
Sources:
businessinsider.com.au
Service Industries | Manufacturing / Goods-producing Industries | |
---|---|---|
Share of US employment in... | 86 | 14 |
Share of earnings in S&P500 coming from... | 32 | 68 |
While the stock market has undoubtedly experienced volatility in recent months, and many forecasters predict a rough ride ahead given the price of oil and the strength of the dollar, a faltering stock market is not necessarily a harbinger for economic ruin. Indeed, the composition of the stock market and that of the economy are actually very different. While the vast majority of jobs within the American economy relate to the service industry, the S&P500 is composed mainly of companies relating to the manufacturing sector.
Interesting chart. I like what Jim Cramer said today - Do not pull out of the stock market completely. Analyze individual stocks and pick the best ones for your portfolio.