In 2023, the number of self-employed individuals in the United States' mining and quarrying sector stood steady at 14.0 thousand. This figure has been forecasted to remain stable through 2028, indicating no anticipated year-on-year percentage variation. The absence of change over this five-year period results in a Compound Annual Growth Rate (CAGR) of 0%. This lack of growth suggests a plateau in this sector regarding self-employment opportunities.
Future trends to watch for in the sector include:
- Technological advancements that could change the nature of self-employment roles.
- Fluctuation in commodity prices influencing the viability of small-scale mining operations.
- Environmental regulations impacting self-employed miners.
- Potential shifts in market demand for mined materials.
