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The service sector, which has suffered the worst from SARS, accounted for about 40%, he estimates.
Another issue is stagnation in the financial sector, which has deprived businesses of access to capital.
Professor Milkman cited the tourism-driven hospitality sector, which has grown throughout the city.
The hardest hit has been the fishing sector, which has contracted.
They have also tumbled in the financial sector, which has struggled recently with low profits.
It is also a sector which has recently been at the centre of media controversy.
It is some rare good news from Britain's biotech sector, which has produced few noteworthy treatments.
Privatization has hit the water sector, which has remained mostly the bastion of public utilities.
Being seen as a sector which has opinions on the big issues in education is critical.
It also proposed an ombudsman be appointed for the sector, which has been plagued with scandals.
News on the manufacturing sector, which has supported the economy's recovery from the 2007-9 recession, was downbeat.
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