Friday, May 8, 2020
10 Industries on their way out
10 Industries on their way out Society is in an ever evolving state of change. As new industries develop and older ones are outdated, the newest version of technology will quickly replace the methods used before. If you are considering a job change, or are new to the job market, you must keep up to date on the most dynamic and flourishing industries to apply to. Unfortunately, there are some industries that are on their way out. Statistics show that as the population ages and manufacturing jobs lessen, the most growth in the next decade will come in service industries like health care or business services. Consult the guide below before investigating any new opportunities in these fields. All percentages provided by the Bureau of Labor Statistics report released in the final weeks of December 2009. Wired Telecommunications Providers As the country becomes more and more wireless, land line phones and payphones are becoming obsolete. The Bureau of Labor Statistics predicts that this industry will lose 11% of its employment opportunities by the end of the next decade. Companies like Total Telecom and Adtel Communications are among these providers. Gasoline Stations Gas prices keep rising and stations become more self sufficient than ever. As this evolution continues and the dynamic markets of clean and alternative energy flourish, this industry is one that will not be as secure within the next decade. Mining Support Mining support agencies and companies are projected to lose around 23% of their current jobs within the next decade. Newspaper Publishers Internet publications are on the rise, and print media is in decline, however unfortunate that may be. Newspaper publishers are projected to lose 25% of their current job markets. Apparel Manufacturing- cut and sew Outsourcing to less expensive labor markets is the main reason that this industry is projected to lose 89,000 jobs in the next ten years. Printing Services Most companies are now choosing to Ă¢go greenĂ¢- therefore eliminating paper products and exchanging more information electronically. Unfortunately, this also means eliminating about 16% of the jobs in the next decade. Postal Service With the elimination of paper goes the elimination of paper delivery. The postal service has been an embattled industry for years, and the Bureau predicts it will lose 13% of its employees in the next ten years. Auto Parts Manufacturing After this record year of auto industry flops, it is no surprise that the manufacturing side of the auto industry is projected to lose 19% of the 544,000 jobs it provided last year. Semiconductor and Electronics Manufacturing A projected loss of a massive 34% of its jobs in the next decade is sad news for an industry that generated such a spark in the last half century. Department Stores More people are shopping online or in low-cost bargain stores, rendering department store services obsolete. Although services industries are projected for growth, these relics of a bygone era will be cherished in memories alone as the industry is expected to lose about 10% of its overall job market. If your job falls in one of these categories, maybe you should consider training of another sort, as backup. Its better to be prepared for the unexpected dont you think?
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