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The fastest-growing industry in 2021 was leisure and hospitality, according to the U.S. Bureau of Labor Statistics, but from... These 20 Industries Are Expected To Have the Largest Decline by 2031 ...
Manufacturing is a vital economic sector in the United States of America. [1] The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion. [2] As of December 2016, the U.S. manufacturing industry employed 12.35 million people.
Over time, industries rise and fall based on demographic trends, shifting consumer preferences and technological developments. However, in 2020, entire industries that were thriving as recently as ...
The former Packard Automotive Plant in Detroit, a recognizable symbol of the decline of the city's once vibrant automotive industry. The term deindustrialization crisis has been used to describe the decline of labor-intensive industry in a number of countries and flight of jobs away from cities.
McFaul states that the decline in democracy weakens national security and heavily restrains foreign policy. [33] According to Michael Beckley, the domestic dysfunction in the United States has not meaningfully altered its power in the world. He writes, "This is the paradox of American power: the United States is a divided country, perpetually ...
Airlines. The airline industry took a sizable hit to the tune of $35 billion in 2020, according to CNBC. American Airlines’ stock dropped 45% in 2020, while Delta lost 31% and United plummeted 51%.
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
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