Then and now: Dramatic US economic shifts
Service sectors now outweigh manufacturing sectors by about three to one. What more can the Russell 3000 tell us about economic change?
The primary objective of the Russell US Indexes is accurate representation of the US equity market, which is itself a reflection of the US economy. As such, the economic sector weights for the Russell 3000 confirm a stark reality; a massive shift in the nature of the US economy over the last half century.
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