Employment Projections

Industries with the fastest growing and most rapidly declining output

This table also can be found in the article, "Industry employment and output projections to 2022," published in the December 2013 Monthly Labor Review.

Other available formats: (XLS)

Table 2.5 Industries with the Fastest Growing and Most Rapidly Declining Output

Industry Description

Sector

2007 NAICS

Billions of Chained 2005 Dollars

Change

Compound Annual Rate of Change

2012

2022

2012—2022

2012—2022

Fastest Growing

Computer and peripheral equipment manufacturing

Manufacturing

3341

139.1

335.8

196.7

9.2

Software publishers

Information

5112

117.8

205.6

87.8

5.7

Computer systems design and related services

Professional and business services

5415

306.8

492.4

185.7

4.8

Data processing, hosting, related services, and other information services

Information

518, 519

165.9

262.9

96.9

4.7

Securities, commodity contracts, and other financial investments and related activities

Financial activities

523

468.7

742.4

273.6

4.7

Home health care services

Health care and social assistance

6216

42.2

65.3

23.1

4.5

Construction

Construction

23

773.8

1,160.1

386.2

4.1

Semiconductor and other electronic component manufacturing

Manufacturing

3344

148.6

221.4

72.8

4.1

Outpatient, laboratory, and other ambulatory care services

Health care and social assistance

6214, 6215, 6219

126.3

187.5

61.2

4.0

Office furniture (including fixtures) manufacturing

Manufacturing

3372

13.9

20.7

6.7

4.0

Medical equipment and supplies manufacturing

Manufacturing

3391

62.5

92.2

29.7

4.0

Architectural, engineering, and related services

Professional and business services

5413

251.9

370.8

118.9

3.9

Management of companies and enterprises

Professional and business services

55

367.9

539.0

171.2

3.9

Lessors of nonfinancial intangible assets (except copyrighted works)

Financial activities

533

125.9

182.8

56.9

3.8

Spring and wire product manufacturing

Manufacturing

3326

13.1

18.9

5.7

3.7

Wholesale trade

Wholesale trade

42

1,115.8

1,597.6

481.8

3.7

Engine, turbine, and power transmission equipment manufacturing

Manufacturing

3336

38.0

54.4

16.4

3.6

Motor vehicle parts manufacturing

Manufacturing

3363

199.1

283.0

83.9

3.6

Cement and concrete product manufacturing

Manufacturing

3273

38.4

54.5

16.1

3.6

Offices of health practitioners

Health care and social assistance

6211, 6212, 6213

576.7

818.2

241.5

3.6

Other wood product manufacturing

Manufacturing

3219

29.7

42.1

12.4

3.6

Other general purpose machinery manufacturing

Manufacturing

3339

59.4

84.2

24.8

3.6

Most Rapidly Declining

General Federal defense government consumption of fixed capital

Federal government

NA

87.4

72.9

-14.5

-1.8

General Federal defense government compensation

Federal government

NA

239.2

199.5

-39.7

-1.8

General Federal non-defense government consumption of fixed capital

Federal government

NA

33.5

28.9

-4.6

-1.5

General Federal non-defense government compensation

Federal government

NA

146.2

126.1

-20.1

-1.5

General Federal non-defense government except compensation and consumption of fixed capital

Federal government

NA

140.0

123.3

-16.8

-1.3

General Federal defense government except compensation and consumption of fixed capital

Federal government

NA

285.7

257.6

-28.1

-1.0

Leather and allied product manufacturing

Manufacturing

316

2.6

2.3

-0.2

-1.0

Textile mills and textile product mills

Manufacturing

313, 314

44.2

40.9

-3.3

-0.8

Apparel manufacturing

Manufacturing

315

18.3

17.2

-1.1

-0.6

Postal Service

Federal government

491

56.7

53.7

-3.1

-0.6

Alumina and aluminum production and processing

Manufacturing

3313

62.0

60.7

-1.3

-0.2

Source: Employment Projections program, U.S. Department of Labor, U.S. Bureau of Labor Statistics

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Last Modified Date: December 19, 2013

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