The U.S. Council of Economic Advisors, with LinkedIn, just completed its Economic Report of the President, in which it studied shrinking U.S. industries. Newspapers, at a layoff rate of 28.4 percent topped the list. Next were retail, building materials and automotive, with drops in staff of 15.5, 14.2 and 12.8 percent respectively. The years studied were 2007 through 2011. The best industry in which to job hunt is renewables, which has grown nearly 50 percent, Internet and online publishing which each jumped about half that, and e-learning which experienced a growth just under 16 percent.
Here’s the methodology, as posted on the LinkedIn blog:
“We identify industry trends from 2007 through 2011 by longitudinally following anyone in the US who has a position listed in 2007 (we adopted this methodology to control for the incredible growth in our member base since people who join LinkedIn after 2007 still are likely to list a job they had in 2007). This provides us a sample size in the tens of millions.”