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By the millennium, this was the most buoyant sector in the marketplace.
Once again, the growth in payroll employment was dominated by service workers, but even in this relatively buoyant sector the gains in August and September were smaller than earlier in the year.
The government and perceptive businesspeople are already putting their best bets on this most buoyant sector.
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Mr. Kobren said Fidelity's fund managers had avoided troubled areas of the market, like energy stocks, while overweighting more buoyant sectors like financial services.
Longer-term, however, Mr. Haslem said, the Australian dollar's strength is likely to weigh on sectors such as inbound tourism and manufactured exports, creating a "two-speed economy" in which the buoyant mining sector growth will outstrip growth in most other sectors.
The latest edition of the Global Economic Conditions Survey (GECS) showed strong economic performance in Ireland, thanks to a buoyant consumer sector, a strong employment market and solid wage growth.
Glencore Xstrata made a positive start to life as a merged company, with its shares up nearly 2% in a buoyant mining sector.
In these straitened times, it's a clear sign of a buoyant business sector amid a sea of profit warnings and liquidations.
"Regions which have long been associated with a buoyant rentals sector, such as London, continue to experience rising prices, but rents are also rising in many other parts of the country at similar rates".
That makes it harder to deal with the rich world's debt problem.But for those developed economies with greater reserves of natural resources, a buoyant energy sector has acted as a cushion.
The buoyant water sector helped lift the FTSE 100 by 14.04 points to 5997.38 but despite spending much of the day above 6000, the leading index came back from its best levels after a downbeat opening on Wall Street.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com