When the spending stops, the service sector jobs associated with robust spending will disappear as well.
Now layoffs or induced retirements are as common in the service sector as in manufacturing.
The job growth was seen primarily in the service sector, which added 270, 000 jobs in December.
But the figures show that manufacturing and even parts of the service sector still remain depressed.
The service sector generally, and luxury goods in particular, are good places to start.
The service sector axed 279, 000 workers, while the goods-producing sector dealt out 243, 000 pink slips.
Manufacturing jobs, it is often said, are better than the Mcjobs typical in the service sector.
The revision was due to the service sector having been less strong than previously thought.
It found "limited signs" of improvement in manufacturing and construction, but not in the service sector.
Some businesses in the service sector will also be freed from irksome non-tariff barriers.
In common with many Caribbean economies, the service sector has overtaken agriculture, fishing and forestry.
It showed that in January the service sector was growing at its fastest rate since March 2011.
The service sector has been India's salvation over the last decade, an oasis of remarkable productivity growth.
NI's manufacturing sector witnessed 8, 400 job losses with employment in the service sector also falling by 12, 700.
The service sector saw the weakest growth figures since last May, and factory production continued to fall.
The figures also showed that while the service sector of the economy expanded, industry and construction contracted.
The service sector continued to expand at "a relatively subdued pace" with a marginal increase in recruitment.
Economy-wide productivity gains reflect relatively modest improvements in the service sector together with much larger improvements in manufacturing.
But both sectors are much smaller than the service sector, which posted 0.1% growth in October compared with September.
The service sector was revised down to 0.9% largely due to new information from the financial and business services.
In most countries, the service sector is growing faster than manufacturing or government.
Employment is now largely divided into well-paid, highly-skilled jobs and the poorly paid, less-secure jobs of the service sector.
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Another myth that the new study pokes holes in is that the service sector, unlike manufacturing, does not innovate.
The greatest growth came in the service sector, where 185, 000 workers found employment.
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By unleashing the service sector, millions of new jobs could be created to replace the ones that have been lost.
This is a terrible development, since more people will be thrown into the service sector as manufacturing continues to automate.
And analysts warned that there was no guarantee that growth in the service sector would be enough to avoid a recession.
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"Both the level of new business and employment rose in the month but were concentrated in the service sector, " he commented.
They show that in the third quarter of 2012, the service sector saw growth of 2% while manufacturing saw a small fall.
The 2.4% rise on the year for the service sector was the lowest annual growth rate since the first quarter of 1993.
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