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Analysts predict top 10 vanishing jobs

Analysts predict top 10 vanishing jobs

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SALT LAKE CITY -- What do judges, travel agents, CEOs and chemists have in common? Number crunchers have put them all on a kind of endangered species list.

CBS MoneyWatch analyzed data from the Bureau of Labor Statistics and identified the top 10 vanishing jobs in America. They are:

  • Judges
  • Fashion designers
  • Insurance underwriters
  • Travel agents
  • Newspaper reporters
  • Broadcast announcers
  • Plant managers
  • Chemists
  • Economists
  • CEOs

Even though his job is one of those on the list, Zions Bank Economist Jeff Thredgold takes it in stride.

"To the extent that we lose jobs in certain sectors, we add jobs in new sectors," Thredgold said. "The value of a college education continues to rise versus a high school education."

The MoneyWatch analysis came up with a variety of reasons for the demise of each job. For example, the decline of judging as a career is blamed largely on budget cuts. The Bureau of Labor Statistics predicted there would be 700 fewer jobs for judges by 2018 than there were in 2008. The site said technology has spelled doom in other sectors - such as insurance underwriting, where software programs mean one underwriter can now do the work of three hired in the past.

Thredgold said manufacturing and construction jobs are also falling victim to efficiency: We can do more with fewer people.

"There are millions fewer construction workers in the U.S. economy today than there were five years ago. We know all of those jobs are not going to come back," Thredgold said.

He said what is happening now isn't terribly unlike the Industrial Revolution, which shifted the American economy from farms to cities.

"It's more now from industry to service," Thredgold explained. "Many suggest that 90 to 95 percent of the jobs that we add to the U.S. economy in the next 15 years will be in the providing of services versus the manufacturing of goods."


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Becky Bruce


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