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Newspaper: America’s Fastest Shrinking Industry

Are you working for the fastest shrinking industry in the United States? You are, if you’re working
for a newspaper according to this study by LinkedIn and the Council of
Economic Advisors.

The fastest-growing industries include renewables (+49.2%), internet
(+24.6%), online publishing (+24.3%), and e-learning (+15.9%). Fastest-shrinking
industries were newspapers (-28.4%), retail (-15.5%), building materials
(-14.2%), and automotive (-12.8%).

Instead of the growth in percentage terms, we also examined the
volume of job gain / loss by industry, as indicated by the largest bubbles
in the figure above. Our data show that even through the recession,
the industries with the largest volume of employment growth (the largest
circles on the figure above) were internet, hospitals & healthcare,
health, wellness & fitness, oil & energy, IT and renewables.
On the other side of the story, retail, construction, telecommunications,
banking, and automotive had the largest volume of job losses between
2007 and 2011.

Link
– via The
Atlantic

Post Metadata

Date
March 12th, 2012

Author
Stranger to the World

Category



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