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July 2, 2020

Job Concentration by Industry Since 1983

American jobs have changed sectors over the last several decades: manufacturing has declined while professional services, education and health, and hospitality have shown significant growth. Meanwhile, many sectors have demonstrated cyclical behavior, decreasing during recessions and then rebounding with the overall economy. As America shifts to a less industrial, more knowledge-based workforce, demand for certain skills ebbs and flows. Economic shocks like COVID influence- and even expedite- this change.