Newspapers Are America's Fastest-Shrinking Industry

LinkedIn and the Council of Economic Advisors mapped the fastest-growing and fastest-shrinking industries since 2007, the year the Great Recession started. Renewables are at the top and newspapers are at the bottom. Here's the graph:

The biggest losers are a combination of recession-bit industries -- retail is down 15.5% and building materials is down 14.2% -- and sectors that were already going through their own recessions before the housing bubble blew up. The collapse of print advertising, for example, is decades in the making.

The most important story in this graph isn't the trajectory of the bubbles, but their relative size, which represents the number of jobs in each industry. The industries that added the most jobs, according to the analysis, were "internet, hospitals & healthcare, health, wellness & fitness, and oil & energy." The housing bubble industries -- notably, banking and construction -- and demand-sensitive sectors like retail, warehousing, and restaurants, had the worst losses. 

Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

A New York City Minute, Frozen in Time

This wildly inventive short film takes you on a whirling, spinning tour of the Big Apple

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

A New York City Minute, Frozen in Time

This short film takes you on a whirling tour of the Big Apple

Video

What Happened to the Milky Way?

Light pollution has taken away our ability to see the stars. Can we save the night sky?

Video

The Faces of #BlackLivesMatter

Scenes from a recent protest in New York City

Video

Ruth Bader Ginsburg on Life

The Supreme Court justice talks gender equality and marriage.

Video

The Pentagon's $1.5 Trillion Mistake

The F-35 fighter jet was supposed to do everything. Instead, it can barely do anything.

More in Business

Just In