Emerald Business Systems Blog


Top 10 Growing and Shrinking US Industries

Posted in General Business by ebs4pos on January 5, 2010

A report this month from the US Bureau of Labor Statistics (BLS) predicts that department stores, newspaper publishing and the postal service are among the top 10 industries in the US headed for extinction, while management, scientific and technical consulting, employment services, full-service restaurants and a range of healthcare-related service industries will experience the most wage and salary employment growth by 2018.

According to the BLS, total employment is projected to increase by 15.3 million, or 10.1%, during the 2008-18 period. The projections show an aging and more racially and ethnically diverse labor force, and employment growth in service-providing industries. More than half of

the new jobs will be in professional and related occupations and service occupations. In addition, occupations where a post-secondary degree or award is usually required are expected to account for one-third of total job openings during the projection period.

The projected growth for the 2008-18 period is larger than the increase of 10.4 million over the 1998-2008 period, or 7.4%, BLS reported. The relatively slow growth rate for the earlier 10-year period was affected by the recession which began in December 2007, and the projected growth rate is higher than would otherwise be expected because the 2008 starting point is a recession year, BLS said.

via Top 10 Growing and Shrinking US Industries.

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