Newspapers are the fastest shrinking industry in the US

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Newspapers have shed a greater percentage of jobs since 2007 than any other industry in the United States, according to data published today by LinkedIn.

That’s not surprising, given how ad revenue in the newspaper industry has fallen off a cliff since 2000.

LinkedIn has professional profiles from millions of users, and also is a big tool for recruiters, so it’s got a ton of accurate data about jobs. This year, the Council of Economic Advisors, which works for President Obama on economic issues, turned to LinkedIn for insight into which industries are hurting.

On a percentage basis, newspapers shed the most jobs, down 28.4% between 2007 and 2011.

The good news: online publishing had job growth of 20.4%. But it didn’t add as many jobs as newspapers lost.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including,,, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.