For Immediate Release October 8, 2004 Contact: Bob Vastine (202) 289-7460 Data Shows Services Jobs Increase Again: 1.2 million U.S. Services Jobs Added in 2004 Overall (Washington, DC) U.S. employment data for September released by the Bureau of Labor Statistics (BLS) today show that US companies continue to create new service sector jobs, bringing the total of service jobs created this year to 1.2 million. Bob Vastine, President of the Coalition of Service Industries, said that overall 380,000 of these new jobs were in professional and business services. These jobs are on average high paying, with annual compensation of about $75,000. Total U.S. service sector employment is now about 88 million, compared with about 21.8 million in the goods producing sector. Vastine pointed out that this increase in professional and business services jobs is partly due to strong U.S. export performance in these sectors. U.S. exports of professional, business, technical, and other private services were $35.5 billion in the second quarter of 2004, which is $804 million higher than in the previous quarter. U.S. imports of similar services, which include foreign call centers, data entry, and back-office operations, increased $484 million and totaled $23.5 billion. The U.S. surplus on these services was $12 billion in the second quarter alone. # # # # # CSI is the leading business organization dedicated to reducing barriers to U.S. services exports and mobilizing support for domestic U.S. policies, including tax policies, which enhance the global competitiveness of its members. CSI was formed in 1982 to ensure that U.S. trade in services would become a central goal of U.S. trade policy and trade negotiations. It played a major role in the General Agreement on Trade in Services (GATS) and in the advocacy effort leading to the 1997 World Trade Organization (WTO) Basic Telecommunications and Financial Services Agreements. CSI’s knowledge of the process of services trade negotiations, its ties to the WTO and its network of relationships with governments and industry in other countries are unmatched. For a complete list of CSI members, visit our website at www.uscsi.org.