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:
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
.
Read more »