The service sector increased in February.

The service sector, employment, and new orders increased in the U.S. this past month.

In the U.S. economy, about 80 percent of business is made up of the service sector. This includes businesses such as restaurants, hotels, and banks. Out of 17 industries, ten industry sectors reported growth in February. These industries include mining, insurance, communication, business services, health services, public administration, utilities, construction and retail trade. These increases are measured using the Institute for Supply Management Index; the index rose from 56.8 this past January, to 60.1 in February.

This is good news for the U.S. economy; as more people get jobs, supply increases. Business activity also increases. As employment increases, people will feel comfortable spending more money, and in turn demand will increase. The economy will then stabilize.