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Category: Industry

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Tech Takeover: Three Sectors Slated to Benefit from Artificial Intelligence

Tech Takeover: Three Sectors Slated to Benefit from Artificial Intelligence

Technology has entered a new frontier, as advancements in artificial intelligence (AI) continue to push humanity to unprecedented levels. While automation has played an important role in countless industries for many years, the evolution of computerized machines and equipment has largely reduced wage costs and the need for human labor across all sectors. Increased internet […]

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Next Step: Top Industries for New College Graduates

Next Step: Top Industries for New College Graduates

In May 2017, a fresh batch of young, hopeful undergraduate students will enter the workforce with a diploma in hand. While some may choose to continue on to higher education, many will begin the job hunt with little to no prior work experience. IBISWorld has compiled a list of industries with the greatest capacity to […]

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New Frontier: Canada Looks to Other Trade Regions Amid NAFTA Renegotiations

New Frontier: Canada Looks to Other Trade Regions Amid NAFTA Renegotiations

Canadian business uncertainty is high following the recent US election due to the Trump administration’s goal to renegotiate the North American Free Trade Agreement (NAFTA). The Canadian economy has relied on US markets for decades  with exports to the United States consistently comprising more than 70.0% of  Canada’s total over the past 10 years. Amid […]

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Top Five Distressed US Industries

Top Five Distressed US Industries

A growing online presence, volatile commodity costs and trade patterns have influenced the following five industries significantly. The industries are ranked by the quickest expected industry value added (IVA) declines, which measures the industry’s contribution to the US economy, curated using IBISWorld’s proprietary database. In addition to IVA deteriorations, all five of these industries have […]

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NorCal vs. SoCal: Fastest Growing Industries by Region

NorCal vs. SoCal: Fastest Growing Industries by Region

From the Redwood Forest to the Baja Coast, California is home to a diverse array of climates, people and cultures. Although Californians collectively agree that the West Coast is the best coast and that In N Out is the best burger in town, many residents struggle to agree on whether Northern or Sothern California is […]

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Top Industries With Rising Demand for Legal Services

Top Industries With Rising Demand for Legal Services

Corporate law is anything but monolithic. A 10,000-foot view could make it seem as if corporate legislation affects business owners of all stripes in the same ways, but the specific regulatory landscapes of different sectors of the economy are as diverse as the sectors themselves. While an operator in the Formal Wear and Costume Rental […]

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dodd frank act reform pic

Dodd-Frank Act: Seven Industries to Benefit from Potential Reform

Since the end of the presidential election, many businesses and banks have continually monitored what changes may come in the form of regulation. With a Republican-controlled White House and Congress, it will become increasingly likely that the regulatory direction in which the financial sector moved over the past five years will reverse. The Trump administration […]

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Five Industries Benefiting from a Growing Female Workforce

Five Industries Benefiting from a Growing Female Workforce

According to the latest available data from the Bureau of Labor Statistics (BLS), women accounted for 46.8% of total employed individuals in 2016, nearly half of the workforce. Furthermore, women are outpacing their male peers in both enrollment and educational attainment. In 1980, the education gap between men and women was 7.0%; by 2015, that […]

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Fourth Quarter Macroeconomic Update

Fourth Quarter Macroeconomic Update

Inflation-adjusted gross domestic product (GDP) grew at an annualized rate of 1.9% in the fourth quarter of 2016, according to the Bureau of Economic Analysis (BEA), down from 3.5% in the previous quarter. Such growth is primarily a result of positive trends in personal consumption expenditure, private inventory investment, residential and nonresidential investment spending and increases in state and local government spending. However, declines in federal government expenditures and poor export performance limited growth. […]

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proposed mexico tariff

Proposed Mexico Tariff: Industry Winners and Losers

On January 26, White House Press Secretary Sean Spicer said the Trump Administration was considering imposing a 20.0% import tariff on Mexican goods. The Trump administration is currently weighing a number of options for comprehensive tax reform, of which a 20.0% import tariff is one proposal.  According to the United States International Trade Commission, general […]