Each year, the Council of Economic Advisors (CEA) delves into the “Economic Report of the President” (ERP). In 2012, the CEA worked with LinkedIn to glean further insights into industry trends both during the recent recession.
Which ones are the growing and shrinking industries as defined by the volume of jobs added or lost? How are they faring in relationship to each other? What place does your brand occupy on the list based upon the people, processes, and technologies you offer?
Most importantly, where are you more likely to find opportunity? Which industries are ready for disruption?
If you're looking for a job, you may look at the fastest-growing industries -- renewables (+49.2%), internet (+24.6%), online publishing (+24.3%), and e-learning (+15.9%).
If you're looking to start a company, you may find opportunity to dirsupt by taking on white space created by some of the fastest-shrinking industries -- newspapers (-28.4%), retail (-15.5%), building materials (-14.2%), and automotive (-12.8%).
My educated guess is that the term is evolving because, just like social, sales is everyone's job these days.
Linkedin has more than 150m members worldwide, 60m in America.
Find a preview of the 2012 Economic Report of the President here.
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