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Leisure and Hospitality Trails in Service Sector Recovery

Leisure and Hospitality Trails in Service Sector Recovery

The U.S. service sector, the biggest contributor to the country’s GDP by far, continued its recovery from the adverse effects of the COVID-19 pandemic in the second quarter of 2021. That’s according to advance estimates from the U.S. Census Bureau’s latest Quarterly Services Report, which indicates that services revenue increased by 4 percent on a seasonally adjusted basis, reaching $4.37 trillion in the three months ended June 30.

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