Shrinking Industries to Avoid in the Future

Shrinking Industries to Avoid in the Future With the recovery finally on, people are looking for job options that will be around for while. So what kind of options do job seekers have when it comes to long-lasting careers and what type of careers should be avoided? Job gains have averaged 125,000 per month but there are still industries that will take a tumble. So here are the industries you should shy away from: 1. Data processing and hosting services Many of these jobs are being shipped overseas, so if youre not a high-level IT professional, you should probably look for new employment options. Many companies practiced cost-cutting procedures so some of the jobs may stay here. 2. Apartment rental and home buyers Apartment rental peaked in 2005 but with a wave of mergers and acquisitions among large apartment complexes, these jobs are being phased out. Lagging construction will keep the need for new apartments low until more apartment complexes are built. 3. United States Postal Service The U.S. Postal Service has been usurped by email and competing companies such as FedEx and UPS. The post office is considering closing some offices and reducing staff to meet budget requirements. This is on top of the 147,000 jobs that have been cut since 2007. 4. Soft drink companies This industry received a wealth of growth as new products were pushed to market, but now the same products are experiencing blow-back as the industry overgrew itself. It now seeks to pull back the reigns on existing products to make way for traditional drinks. 5. Wired Communication As more companies go digital and the number of cell phone users increases, less wired services will be offered. This means a drop in the number of wired customers and an overall drop in the industry. Some phone companies are offering internet service in order to offset this, but the gains will be minimal.