BLS Employment Trends: Top 10 Growing and Shrinking Industries

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The Bureau of Labor Statistics released a report earlier this month outlining Employment Projections through 2018.   Here is a breakdown of their findings:

Top 10 growth industries in terms of employment increases:

  1. Management, scientific and technical consulting services
  2. Offices of physicians
  3. Computer systems design and related services
  4. Other general merchandise stores
  5. Employment services
  6. Local government, excluding education and hospitals
  7. Home health care services
  8. Services for the elderly and persons with disabilities
  9. Nursing care facilities
  10. Full-service restaurants

Top 10 shrinking industries in terms of employment declines:

  1. Department stores
  2. Semiconductor and other electronic component manufacturing
  3. Motor vehicle parts manufacturing
  4. Postal service
  5. Printing and related support activities
  6. Cut and sew apparel manufacturing
  7. Newspaper publishers
  8. Support activities for mining
  9. Gasoline stations
  10. Wired telecommunications carriers

As a staffing or recruiting firm, you may want to examine your existing client base to determine if you’re positioning for growth in the next few years.  You may also want to focus your lead generation efforts around servicing the fastest growing industry segments.

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