To identify America’s 25 dying industries, 24/7 Wall St. reviewed employment change from 2009 through 2018 for U.S. industries in the fourth level of detail in the North American Industry Classification System by the Office of Management and Budget. All data, including the number of establishments within each industry and average weekly and annual wages, was retrieved from the U.S. Bureau of Labor Statistics’ Quarterly Census of Employment and Wages.
The BLS tracks industry employment by tallying the number of workers in establishments whose primary sources of revenue fall within a given industry. As a result, a given establishment along with all of its employees may be reclassified depending on business decisions and market performance. To help ensure that the 10-year employment changes reflect natural growth, we excluded all industries related to the management of funds, trusts, and other financial vehicles because classification in that industry may change frequently depending on investment decisions.