The employment in the road passenger transport sector in the US has seen fluctuations over the past decade. In 2023, the employment stood at 147.65 thousand employees, recovering from a significant drop in 2020 attributed to the COVID-19 pandemic. The subsequent rebound saw a growth rate of 27.98% in 2021 and 12.87% in 2022, highlighting a period of recovery and stabilization. From 2013 to 2023, the sector experienced several ups and downs, with a noticeable decline during the pandemic and a gradual recovery post-2020. Recent growth rates have shown a positive trend, although the forecasted 5-year CAGR to 2028 is almost flat at -0.01%, suggesting that employment levels may stabilize without significant growth or decline.
Future trends to watch for:
- Impact of technological advancements, such as autonomous vehicles, which could disrupt employment numbers in the sector.
- Regulatory changes and environmental policies that could affect the operational landscape of road passenger transport.
- Consumer behavior shifts post-pandemic and their long-term impact on public transport usage and employment.