Thursday, December 10, 2020

Seismic Shift in the Publishing Industry

Recent trends in the information publishing industry are not pretty—at least for workers in traditional publishing establishments. In the past four years, the book, magazine, and newspaper industries have shed a combined total of 104,000 jobs, according to the Bureau of Labor Statistics. Meanwhile, jobs in internet publishing have increased by nearly the same amount...

Employment in the publishing industry, 2016 and 2020


   2nd quarter 2020  1st quarter 2016  numerical change percent change
Book        51,450       61,919      -10,469     -16.9%
Periodical        72,648       97,212      -24,564     -25.3%
Newspaper      111,615         180,313      -68,698     -38.1%
Internet      289,794     195,714       94,080       48.1%

Today, the 55 percent majority of publishing jobs are in internet publishing, up from just 37 percent in 2016.

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