Here is the list of the ten jobs categories that will not recover based on 24/7 Wall St. research:
1. State and local government jobs. The level of unemployment in this sector continues to rise. Budget imbalances in a number of states have already caused mass layoffs as tax receipts have dropped sharply.
2. Construction. Nationwide construction unemployment was 17% in August, up from 16.5% in the same month last year. Over the course of the summer, government statistics have shown sharp drops in the construction of new homes and apartments.
3. Installation, maintenance, and repair. A set of industries related to housing and commercial construction and maintenance will also not generate new jobs.
4. Automotive manufacturing. General Motors has cut over 100,000 people since the beginning of the recession in December 2007. Ford has cut over 20,000 and Chrysler 15,000.
5. Pharmaceuticals. This industry has bled workers for three years, and that trend is likely to continue. The largest companies in the sector, such as Pfizer and Merck, have a number of blockbuster drugs that have lost their patent protection in the last decade.
6. Big Telecom. AT&T, Sprint-Nextel, and Verizon have passed their peak employment levels. Employment in the sector will not recover
7. Newspapers. The layoffs in newspapers began in the 1980s as presses became more automated and tens of thousands of pressmen lost jobs.
8. Airline Employees. The number of pilots, stewards, and ground crew workers is shrinking as consolidation and the recession have hurt the industry badly.
9. Realtors. The National Association of Realtors reports that there were 1,370,758 realtors in October 2006 – the peak of the market. By the end of 2007, the figure was below 1.2 million. The number is below 1.1 million today..
10. Bank Tellers. Long before the recession, personal banking had begun to become automated. Over the last decade, banks have provided increasing access to banking accounts online, through call centers and at ATM kiosks.
Read more: The Ten American Industries Which Will Never Recover - 24/7 Wall St. More Here..