Newspapers have declined the most of any industry in the U.S. since 2007, based on LinkedIn data, which was used in a 2012 economic report to President Obama from the Council of Economic Advisors

Sandy Yang

Sandy Yang

LOS ANGELES , March 14, 2012 () –

The size of the newspaper industry has decreased more than any other sector of the U.S. economy since 2007, according to data from LinkedIn Corp., reported the San Francisco Chronicle on March 8.

The newspaper business shed 28.4% of its jobs from 2007 to 2011, according to the statistics, which were used in a 2012 report done by the Council of Economic Advisors (CEA) for President Obama.

On the upside, job growth for online publishing was 20.4%, but this was not enough to fully offset the loss in print newspaper jobs, according to LinkedIn, the San Francisco Chronicle reported.

Newspapers were at the bottom of a graph done by LinkedIn to show the top U.S. industries in terms of job growth and losses between 2007 and 2011.

Retail was just above newspapers and declined 15.5% during the period. Construction was also a major shrinking industry listed.

At the top of the growth industries in the graph was renewables and environment, which expanded by 49.2%; followed by the Internet, up 24.6%; and online publishing, up 24.3%, reported the San Francisco Chronicle.

Throughout the sample period, newspapers, as well as supermarkets and telecom continued to shrink, while social media and digital technology offered jobs that were among those in highest demand.

LinkedIn worked with the CEA to delve further into industry trends both during and after the 2007-2009 economic recession. The data were used by the CEA in February’s Economic Report of the President, the San Francisco Chronicle reported.

Mountain View, California-based LinkedIn is the world’s largest online networking tool for professionals, with 150 million members worldwide, according to the company’s website.

The primary source of this article is the San Francisco Chronicle, San Francisco, California, on March 8, 2012.


* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.