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Employment Projections

Industries with the largest output growth and declines

Other available formats: (XLSX)

Table 2.6 Industries with the Largest Output Growth and Declines

Industry Description

Sector

2017 NAICS

Billions of Chained 2012 Dollars

Change

Compound Annual Rate of Change

2019

2029

2019 - 2029

2019 - 2029

Largest Growth

Wholesale trade

Wholesale trade

42

1,885.8

2,440.7

554.9

2.6

All other retail

Retail trade

442-4, 446-8, 451, 453-4

1,003.3

1,331.6

328.3

2.9

Real estate

Financial activities

531

1,569.1

1,887.5

318.4

1.9

Hospitals

Health care and social assistance

622

894.4

1,192.5

298.1

2.9

Petroleum and coal products manufacturing

Manufacturing

324

899.8

1,132.0

232.2

2.3

Offices of physicians

Health care and social assistance

6211

541.1

738.6

197.5

3.2

Construction

Construction

23

1,418.9

1,616.3

197.4

1.3

Computer systems design and related services

Professional and business services

5415

518.2

712.4

194.3

3.2

Oil and gas extraction

Mining

211

474.3

659.6

185.3

3.4

Insurance carriers

Financial activities

5241

719.4

887.1

167.6

2.1

Food services and drinking places

Leisure and hospitality

722

767.1

931.3

164.2

2.0

Software publishers

Information

5112

236.4

378.1

141.7

4.8

State and Local government except compensation and consumption of fixed capital

State and local government

NA

790.3

929.4

139.2

1.6

Management of companies and enterprises

Professional and business services

55

491.5

619.4

127.8

2.3

Other information services

Information

519

242.5

365.0

122.5

4.2

Wireless telecommunications carriers (except satellite)

Information

5172

398.4

514.2

115.8

2.6

Motor vehicle and parts dealers

Retail trade

441

379.3

490.9

111.5

2.6

Employment services

Professional and business services

5613

364.6

465.0

100.5

2.5

Motor vehicle manufacturing

Manufacturing

3361

354.7

452.0

97.3

2.5

Agencies, brokerages, and other insurance related activities

Financial activities

5242

423.5

520.4

96.9

2.1

Largest Declines

Tobacco manufacturing

Manufacturing

3122

47.3

38.3

-9.0

-2.1

Federal defense government compensation

Federal government

NA

234.0

227.1

-7.0

-0.3

Federal defense government consumption of fixed capital

Federal government

NA

152.0

147.5

-4.5

-0.3

Postal Service

Federal government

491

53.5

49.3

-4.3

-0.8

Alumina and aluminum production and processing

Manufacturing

3313

32.0

29.3

-2.6

-0.9

Textile mills and textile product mills

Manufacturing

313,314

52.8

50.3

-2.6

-0.5

Federal defense government except compensation and consumption of fixed capital

Federal government

NA

247.3

246.0

-1.3

-0.1

Federal non-defense government compensation

Federal government

NA

158.8

157.5

-1.3

-0.1

Coal mining

Mining

2121

44.8

43.8

-1.0

-0.2

Federal non-defense government consumption of fixed capital

Federal government

NA

108.5

107.6

-0.9

-0.1

SOURCE: U.S. Bureau of Labor Statistics

 

Last Modified Date: September 1, 2020