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12 US Industries That Will Collapse In The Next Decade

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grinding-sparksThe long decline of American manufacturing isn't over yet.

Fifteen of the 20 fastest shrinking industries are in the manufacturing sector, according to a Bureau of Labor Statistics report on job growth from 2010 to 2020.

Government jobs, especially in the postal service, are also getting axed.

Glass and glass product manufacturing

80,700 jobs in 2010

68,800 jobs in 2020

-1.6% annual job growth

Glass production and sales have steadily declined over the past five years, likely stemming from the the slump in local automotive manufacturing and the long-term substitution of glass containers in the food and beverage-packaging market with alternative materials, such as plastic.

2010 data and 2020 projections from Bureau of Labor Statistics (2012).



Metalworking machinery manufacturing

153,200 jobs in 2010

130,500 jobs in 2020

-1.6% annual job growth

The manufacture of powered tools for shaping metal parts has experienced a declineas demand from key foreign and domestic downstream markets has dropped. 

2010 data and 2020 projections from Bureau of Labor Statistics (2012).



Miscellaneous manufacturing

266,000 jobs in 2010

210,300 jobs in 2020

-2.3% annual job growth 

This category includes a wide range of products that are increasingly being manufactured in China, including: medical equipment, jewelry and flatware, sporting and athletic goods, dolls, toys, and games, office supplies, signs, concrete burial vaults, Christmas tree ornaments, Christmas tree lighting sets, beauty and barber chairs, burnt wood articles, lamp shades, matches, metal combs, and electric hair clippers.

2010 data and 2020 projections from Bureau of Labor Statistics (2012).



See the rest of the story at Business Insider

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