These Are The 20 Fastest Dying Industries In America
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These Are The 20 Fastest Dying Industries In America

It shouldn’t surprise anyone that over the last 10 years, the number of “video tape and DVD rental store clerks” in the United States has declined by over 89.8%. Meanwhile, number of library workers and archivists has declined by over 80%.

A list of the top 25 declining U.S. industries was revealed today, and some of the worst hit industries include publishing and garment manufacturing.

The CEOWORLD magazine analyzed employment data from the Bureau of Labor Statistics from 2007 to 2016 to identify the fastest dying industries. Employment in each industry on this list declined by at least 42%, and in the top two by at least 90%.

The report highlights the industries that, during the ten years from 2007 to 2016, experienced a sizeable contraction of the workforce.

These are the fastest dying industries in America:

1. Video tape and DVD rental store clerks
Employment change 2007-2016: -89.8%

2. Libraries and archives
Employment change 2007-2016: -80.3%

3. Other apparel knitting mills
Employment change 2007-2016: -65.1%

4. Magnetic media manufacturing and reproducing
Employment change 2007-2016: -60.5%

5. Photofinishing
Employment change 2007-2016: -59.2%

6. Port and harbor operations
Employment change 2007-2016: -58.0%

7. Land subdivision
Employment change 2007-2016: -56.0%

8. Directory and mailing list publishers
Employment change 2007-2016: -56.0%

9. Hosiery and sock mills
Employment change 2007-2016: -55.9%

10. Telephone apparatus manufacturing
Employment change 2007-2016: -51.6%

11. Newspaper publishers
Employment change 2007-2016: -49.3%

12. Professional employer organizations
Employment change 2007-2016: -48.1%

13. Other telecommunications
Employment change 2007-2016: -47.8%

14. Support activities for printing
Employment change 2007-2016: -47.3%

15. Formal wear and costume rental
Employment change 2007-2016: -46.9%

16. Savings institutions
Employment change 2007-2016: -46.0%

17. Curtain and linen mills
Employment change 2007-2016: -45.6%

18. Other depository credit intermediation
Employment change 2007-2016: -45.3%

19. Other publishers
Employment change 2007-2016: -44.7%

20. Textile and fabric finishing mills
Employment change 2007-2016: -44.4%

21. Sound recording studios
Employment change 2007-2016: -42.9%

22. Securities and commodity exchanges
Employment change 2007-2016: -42.9%

20. Textile and fabric finishing mills
Employment change 2007-2016: -44.4%

23. Bookstores and news dealers
Employment change 2007-2016: -42.9%

24. Stationery product manufacturing
Employment change 2007-2016: -42.2%

25. Office supplies, except paper, manufacturing
Employment change 2007-2016: -42.1%

Dr. Amarendra Bhushan Dhiraj

Dr. Amarendra Bhushan DhirajVerified account

CEO and editorial director at CEOWORLD Magazine
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, high net worth individuals, and the most globally powerful men and women.
Dr. Amarendra Bhushan Dhiraj

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This column does not necessarily reflect the opinion of the editorial board or CEOWORLD magazine, and its owners. To contact the author of this story:  info@ceoworld.biz
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Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, high net worth individuals, and the most globally powerful men and women.