The Top 10 Declining Job Sectors
Here at Carolina Career College, we see people from all job sectors looking to change their career to Information Technology. Many elect to change careers due to job dissatisfaction and/or under-appreciation. It is also important to keep tabs on the jobs and industries that are in seemingly irreversible decline, as those in those sectors consider their long-term and perhaps short-term future.
According to Monster.com, these are the 10 industries expected to lose the most jobs by 2018 and what you should do if you’re working in one of them:
- Motor Vehicle Parts Manufacturing: Projected to lose 18.6 percent of its 544,000 jobs.
- Department Stores: Projected to lose 10.2 percent of the 1.56 million jobs they had in 2008.
- Semiconductor Manufacturing: Projected to lose 33.7 percent of the 432,000 jobs it had in 2008.
- Postal Service: Projected to lose 13 percent of the 748,000 jobs it had in 2008.
- Printing and Related Jobs: Projected to lose 16 percent of its 594,000 jobs.
- Cut-and-Sew Apparel Manufacturing: Projected to lose 57 percent of its 155,000 jobs.
- Newspaper Publishers: Projected to lose 24.8 percent of its 326,000 jobs.
- Mining Support Jobs: Projected to lose 23.2 percent of its 328,000 jobs.
- Gas Stations: Projected to lose 8.9 percent of its 843,000 jobs.
- Wired Telecom: Projected to lose 11 percent of its 666,000 jobs.
Rather than try to get another job in your sector, the first course of action is to develop some completely new skills. Beef up your resume with volunteer work to show skills applicable in other industries. Build your savings and research what other fields may be able to use your skills. Research which industries are projecting the biggest growth over the next decade. If you’re nearing retirement and were planning to move into a different field, you may want to make the move earlier. If you have many years of work ahead of you, seriously consider if it is feasible to stay in your industry for the long haul.