The employment in the transportation and warehousing sector in Australia has displayed a general upward trend from 2013 to 2023. As of 2023, the number of persons employed in this sector stood at 697.59 thousand units. The year-on-year variation for 2023 is 1.21%, showcasing a modest but steady growth. The last five years, including forecasted data up to 2028, reveal a CAGR of 0.87%, indicating a slower growth rate compared to the previous period where the CAGR was at 1.18%.
From 2023 to 2028, the sector is projected to grow at a more gradual pace, with a 5-year growth rate forecasted to be 4.42%. This suggests a continual increase in employment, albeit at a reduced rate compared to previous years.
Future trends to watch for include:
- The impact of technological advancements and automation on job numbers in the sector.
- Policy changes affecting transportation and warehousing regulations and employment.
- The effects of global supply chain shifts and economic changes on sector growth.