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