Report: U.S. newspaper jobs to drop 25% by 2018
Posted by Leah McBride Mensching on December 16, 2009 at 12:09 PM
Nearly 25 percent of the U.S. newspaper industry's jobs will no longer exist in 2018, according to a new report from the federal Bureau of Labor and Statistics, Editor & Publisher reported today. Of the top 10 industries by job loss, newspapers rank seventh.
As of the end of 2008, there were about 326,000 jobs in newspapers, but by 2018, that number will drop to 245,000, according to the Employment Projections Summary.
As of the end of 2008, there were about 326,000 jobs in newspapers, but by 2018, that number will drop to 245,000, according to the Employment Projections Summary.
However, the prediction isn't surprising, Rick Edmonds, media business analyst at The Poynter Institute told E&P. "That is consistent with what has been happening the past three years. But I don't think the next three years will be as bad."
More than 15,000 people have lost their jobs so far in 2009, with 705 layoffs and buyouts announced so far for December alone, according to industry watcher News Cycle.
More than 15,000 people have lost their jobs so far in 2009, with 705 layoffs and buyouts announced so far for December alone, according to industry watcher News Cycle.
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