With a new year and new jobs data having been released by the Bureau of Labor Statistics, we are publishing a two-part blog series to highlight some of the latest job market trends. In part one, we discussed job sectors experiencing growth, touched on emerging industries and explored some thriving geographic regions. In part two, we’ll look at some of the industries predicted to decline in 2014 and geographical regions where job growth has slowed.
The unemployment rate is the lowest it’s been in five years. Job growth in healthcare, technology, construction, and retail is booming. But the good news has yet to reach several sectors of the U.S. economy. As the digital revolution continues to change consumer behaviors and demand, many sectors are increasingly forced to cut jobs, often in staggering numbers.
There are no surprises here. The industries that will experience the most dramatic decline in 2014 have been suffering for years.
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