10 Those employed in 10  While the raw numbers of employees have not yet been revised in light of new population estimates (see footnote 7), the relative status of each sector is not likely to change significantly. BIS central bankers’ speeches  9  services require relatively less capital to work with than workers employed in the goods sector.
And as I mentioned, while some of the recent improvement in the services sector is likely to be part of a longer-running trend, part of it may also be cyclical. Signals from the various business surveys, the ABS labour force and vacancies data, can provide a timely guide as to the health of the increasingly important services sector.