Wednesday, December 30, 2009

US Industries: Out with the Old, In with the New

As one calendar approaches the end of its lifecylce, all 2010 calendars are primed and ready to go. Much like some key industries reported by the US Bureau of Labor Statistics (BLS) this month, the adage: Out with the Old, In with the New holds true for the marketplace with some industries predicted to decline while emerging sectors show signs of growth.

According to the BLS report, growth industries include:
- Management, scientific and technical consulting services
- Offices of physicians
- Computer systems design and related services
- Other general merchandise stores
- Employment services
- Local government, excluding education and hospitals
- Home health care services
- Services for the elderly and persons with disabilities
- Nursing care facilities
- Full-service restaurants

On the flip side, the BLS reports these industries expected to experience the steepest employment declines:
- Department stores
- Semiconductor and other electronic component manufacturing
- Motor vehicle parts manufacturing
- Postal service
- Printing and related support activities
- Cut and sew apparel manufacturing
- Newspaper publishers
- Support activities for mining
- Gasoline stations
- Wired telecommunications carriers

How will your business thrive? Are you adapting to and growing with the marketplace as the technical revolultion shifts the way businesses communicate to the public? As 2010 approaches and its trends will inevitability impact your business' bottom line, what ways are you shifting your marketing message? With Social Media as one of the fastest growing marketing tools, technology has again brought meaning to the term: the medium is the message.

If you are interested in learning more about social media, register for the upcoming free workshop, Social Media Pioneers. The Midas Center is dedicated to help Michiana's businesses grow in the marketplace.

For further information on this report, visit the report press release by BLS and an article titled, "Top 10 Growing and Shrinking US Industries," released by MC Marketing Charts.


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