The forecast data for self-employed persons in the textiles and wearing apparel sector in the US indicates a steady decline from 2024 to 2028. The number is expected to decrease annually from 18,000 in 2024 to 13,000 in 2028, showing a year-on-year decline by approximately 5.56% in 2025, 11.76% in 2026, 6.67% in 2027, and 7.14% in 2028. This trend reflects a compounded annual growth rate (CAGR) decrease of 7.79% from 2024 to 2028.
Future trends to watch for include:
- Adoption of technology and automation reducing the need for self-employed workforce.
- Shifts in consumer preferences possibly impacting demand for artisan and bespoke products.
- Impact of policy changes and trade regulations that could influence the self-employment landscape.