"We need to shift human resources from declining sectors to promising sectors.
On Wall Street, energy stocks led the declining sectors on the broader market.
Dirigisme flourished in the 1950s and 1960s in France, but sour economic results, uncompetitive enterprises, and declining sectors forced the government to largely renounce dirigisme in the 1980s.
During this period of flux, people and capital are concentrated in declining sectors, and economic output will be less than it could be.
Between them, the three declining sectors subtracted 0.1 points from quarterly growth, leaving the year-on-year rate of growth unchanged at 2.1%.
In fact, however, we have seen only slight declines in the rate at which workers who have lost their jobs in declining sectors exit unemployment relative to workers who lost jobs in other sectors.
There is an increasing interest in quantifying the impact on regional economies of such deployment, especially in those peripheral regions with low growth rates and traditional declined sectors.
It's likely that employers adding new workers will be wary of paying the same benefits that workers have enjoyed in declining sectors.
Within the older-age group, the effects are stronger for formerly long-tenured workers, for older workers who lost their job in declining sectors in the regional labour market and for workers who changed sectors.
Namely, that for people working in deep-decline sectors such as auto manufacturing, success means not only innovating, but changing the culture of your industry while you're at it.
In that declining sector, taxpayers can still be made to pick up the bill.
