Forecast: Road Passenger Transport Employment in the US

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.

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