December 12, 2001 (The Editor’s Desk is updated each business day.)

Industries on the wane, 2000-2010

According to BLS projections, watches, clocks, and parts and footwear will be the industries with the most rapid job decline in the period 2000-2010.

[Chart data—TXT]

In both of these manufacturing industries, employment is projected to decline at an average annual rate of 7.2 percent between 2000 and 2010. Other industries with projected rates of decline above 3 percent are coal mining, metal cans and shipping containers, and luggage, handbags, and leather products, n.e.c. All five of these industries are in the goods-producing sector.

These data are from the BLS Employment Projections program. These data on employment by industry are for wage and salary workers. For more information, see "Industry output and employment projections to 2010," by Jay M. Berman, Monthly Labor Review, November 2001. (The BLS employment projections for the period 2000-2010 were completed prior to the tragic events of September 11, 2001. BLS will continue to review its projections and, as the long-term consequences of September 11 become clearer, will incorporate these effects in subsequent analyses of industrial and occupational outlook.)

Related TED articles:

• Youth segment of labor force to grow fastest
• Labor force to continue to diversify
• Fastest growing industries, 2000-2010
• Fastest growing jobs, 2000-2010