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Career Advice: Stay Away From Chip Making, Wired Phone Service…And Newspapers

Published on December 15, 2009
by Eric Savitz

Planning a new career?

Before making a decision, you might want to take gander at a list published a few days ago by the Bureau of Labor Statistics on the 10 industries likely to see the largest employment decline over the next decade. I mention this here on the TTD blog because it includes several entrants with direct bearing on the tech industry.

Here’s a slightly annotated version of the list, ranked by the number of jobs expected to be lost:

  • Department stores: Expected drop, 159,000, or 10.2 percent of 2008-year level of 1,557,000 jobs. Comment: Hello, Amazon! (AMZN)
  • Semiconductors and other electronic component manufacturing: Expected loss, 146,000 jobs, down 33.7 percent. Comment: more jobs head to Asia.

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