Economy

Service Sector Worst Collapse In History: Business Activity Grinds To A Halt

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from Silver Report Uncut:

Service Sector Has Worst Collapse In History As Business Activity Grinds To A Halt

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The US service sector has come to a complete halt as the business activity has been crushed. Millions of workers have been out of a job and most of these job losses have been from the service sector. This is reflected in leisure and hospitality and restaurant job losses. This is also the worst collapse in history and for an economy that derives 70% of GDP from consumption this is a really bad sign.