The recovery may be rocky at the moment, but when it picks up steam, confidence will increase, jobs will return and the Great Recession will become an unpleasant memory (and perhaps a useful subject from which to draw policy lessons).
Even so, some industries will never recover because they're destined to go the way of milkmen and carriage makers. Which ones? Market research firm IBISWorld Inc. recently combed through a trove of data to determine the answer to this question.
The result: a list of the ten worst industries in America, ones that had a steep decline in revenue in the last decade and are forecasted to further contract even more in the next one. Some of the industries on this list will not shock you, but others will be surprising.
Extinction is a hard word, but unfortunately that’s what all these sectors are facing, due to external competition, technological change and lack of innovation. If you’re looking for work in one of these doomed fields, you may want to consider a career transition, and quickly.
CLICK here for the first industry to find itself on cutting room floor -->
(Image courtesy of Flickr user A. Strakey, CC 2.0)
