The number of self-employed persons in business services in the US is expected to decline slightly from 4.54 million in 2024 to 4.51 million in 2028. Comparing this with 4.55 million in 2023, we see a marginal but gradual annual decrease. The year-on-year variation is about -0.22% for the past two years. Over the five-year period from 2024 to 2028, the CAGR is approximately -0.11%, indicating a slightly shrinking self-employment market in this sector.
Future trends to watch for:
- Technological advancements could influence the self-employment landscape by introducing new opportunities and challenges.
- Policy changes around gig work and business services could affect market dynamics.
- Economic fluctuations may impact self-employment growth or decline.
