Thursday, September 20, 2012

Newspaper Employment Down 40.6% Since '01

While plenty of industries have shrunk over the last couple of years, few have been hit as badly as newspaper publishing, which was already contracting before the economic downturn began. Since then, economic woes have simply reinforced the long-term trend.
According to the U.S. Department of Labor’s Bureau of Labor Statistics, total employment in the newspaper publishing industry has plunged from 414,000 in 2001 to 246,020 in 2011, equaling a 40.6% drop in 10 years.