Rapidly Declining Industries

Industries with the most rapidly declining wage and salary employment*

Some of the most rapidly declining industries according to the US Bureau of Labor Statistics

Industry description

Sector

2007 NAICS

Thousands of jobs

Change

Average annual rate of change

2008

2018

2008-18

2008-18

Cut and sew apparel manufacturing

Manufacturing

3152 155.2 66.7 -88.5 -8.1

Apparel knitting mills

Manufacturing

3151 26.2 12.5 -13.7 -7.1

Textile and fabric finishing and fabric coating mills

Manufacturing

3133 48.3 23.5 -24.8 -7.0

Fabric mills

Manufacturing

3132 65.4 35.0 -30.4 -6.1

Audio and video equipment manufacturing

Manufacturing

3343 27.0 14.6 -12.4 -6.0

Apparel accessories and other apparel manufacturing

Manufacturing

3159 17.0 9.2 -7.8 -6.0

Fiber, yarn, and thread mills

Manufacturing

3131 37.4 20.7 -16.7 -5.7

Textile furnishings mills

Manufacturing

3141 75.4 41.9 -33.5 -5.7

Railroad rolling stock manufacturing

Manufacturing

3365 28.4 17.5 -10.9 -4.7

Footwear manufacturing

Manufacturing

3162 15.8 10.0 -5.8 -4.5

Pulp, paper, and paperboard mills

Manufacturing

3221 126.1 81.9 -44.2 -4.2

Basic chemical manufacturing

Manufacturing

3251 152.1 99.9 -52.2 -4.1

Semiconductor and other electronic component manufacturing

Manufacturing

3344 432.4 286.8 -145.6 -4.0

Computer and peripheral equipment manufacturing

Manufacturing

3341 182.8 124.7 -58.1 -3.8

Other textile product mills

Manufacturing

3149 72.2 49.4 -22.8 -3.7

Federal enterprises except the Postal Service and electric utilities

Federal government

NA 63.5 44.9 -18.6 -3.4

Leather and hide tanning and finishing, and other leather and allied product manufacturing

Manufacturing

3161, 3169 17.8 13.0 -4.8 -3.1

Cutlery and handtool manufacturing

Manufacturing

3322 49.1 35.9 -13.2 -3.1

Manufacturing and reproducing magnetic and optical media

Manufacturing

3346 34.9 26.0 -8.9 -2.9

Ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing

Manufacturing

3334 149.5 112.8 -36.7 -2.8
Source: Employment Projections Program, U.S. Department of Labor, U.S. Bureau of Labor Statistics

 

About Annette Richmond, MA

Annette Richmond, MA, CARW, CCELW, is a Certified Resume Writer, Certified LinkedIn Profile Writer, and former recruiter. Her career advice has been featured by Huffington Post, The Chicago Tribune, Forbes, Business Insider, Monster, Vault, and WSJ. She helps motivated, senior level professionals tell their unique career story. She also serves as executive editor of career-intelligence.com.

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