By Jeff Vedders

Here’s a link to an interesting article from the November issue of the Monthly Labor Review which is published by the U.S. Bureau of Labor Statistics.  The article is about U.S. industry output and employment projections to 2010.  www.bls.gov/opub/mlr/2001/11/art3exc.htm

The article can be downloaded in pdf format.

The author, Jay M. Berman, looks at industries by two- and three-digit SIC codes and shows the number of jobs in 1990, 2000, and projections to 2010.  It also displays industrial output for 1990, 2000, and projections to 2010.  As you determine which industries and companies to target, this is a useful study.  It gives you an idea of which industries have seen the most job growth and which industries are projected to have the most growth. 

Listed below are the industries expected to have the fastest employment growth and fastest employment declines through 2010.

Fastest growing

SIC code Industry 2000 Jobs* 2010 Jobs* Number Change* Percentage Change
737 Computer and data processing services 2,094.9 3,900 1,805.1 86.2
836 Residential care 805.9 1,318 512.1 63.5
807-809 Health services, nec 1,210.2 1,900 689.8 57
484 Cable and pay television services 215.8 325 109.2 50.6
736 Personnel supply services 3,887 5,800 1,913 49.2
422 Warehousing and storage 206.3 300 93.7 45.4
494-497 Water and sanitation 213.9 310.3 96.4 45.1
732, 733, 738 Miscellaneous business services 2,300.9 3,305 1,004.1 43.6
735 Miscellaneous equipment rental and leasing 279.4 397.5 118.1 42.3
874 Management and public relations 1,089.7 1,550 460.3 42.2
835 Child day care services 711.9 1,010 298.1 41.9
791, 799 Amusement and recreation services, nec 1,313.6 1,850 536.4 40.8
801-804 Offices of health practitioners 3,098.8 4,344 1,245.2 40.2
4 Veterinary services 240 335.9 95.9 40
245 Wood buildings and mobile homes 90.8 127 36.2 39.9
473, 474, 478 Miscellaneous transportation services 252.8 350 97.2 38.4
873 Research and testing services 642.3 886 243.7 37.9
78 Landscape and horticultural services 808 1,093 285 35.3
872, 89 Accounting, auditing, and other services 720 963 243 33.8
81 Legal services 1,009.6 1,350 340.4 33.7

 Fastest declining

SIC Code Industry 2000 Jobs* 2010 Jobs* Number Change* Percentage Change
387 Watches, clocks, and parts 5.3 2.5 -2.8 -52.8
313, 314 Footwear, except rubber and plastic 30.1 14.2 -15.9 -52.8
12 Coal mining 77.2 54 -23.2 -30.1
341 Metal cans and shipping containers 35.9 25.6 -10.3 -28.7
311, 315-317, 319 Luggage, handbags, and leather products, nec 41.4 30 -11.4 -27.5
40 Railroad transportation 235.5 175 -60.5 -25.7
88 Private households 890 664.4 -225.6 -25.3
231-238 Apparel 417.9 314.9 -103 -24.6
291 Petroleum refining 84.6 65 -19.6 -23.2
131, 132 Crude petroleum, natural gas, and gas liquids 129.3 100 -29.3 -22.3
386 Photographic equipment and supplies 70.2 55 -15.2 -21.7
331 Blast furnaces and basic steel products 224.5 176 -48.5 -21.6
Federal electric utilities 27 21.6 -5.4 -20
202 Dairy products 145.5 121.1 -24.4 -16.8
363 Household appliances 116.2 96.9 -19.3 -16.6
46 Pipelines, except natural gas 13.7 11.5 -2.2 -16.1
282 Plastics materials and synthetics 154.3 130 -24.3 -15.7
362 Electrical industrial apparatus 150.4 127 -23.4 -15.6
279 Service industries for the printing trade 47.2 40 -7.2 -15.3
21 Tobacco products 33.9 28.9 -5 -14.7

*Thousands of jobs