Employment in the US air and spacecraft and related machinery sector has shown varying trends over the years. From 2013 to 2023, the sector saw fluctuations with significant growth between 2018 and 2019, followed by a slight decline in 2020, and subsequent stabilization and growth until 2023. As of 2023, employment stood at 528,000 full-time equivalent units. The compound annual growth rate (CAGR) over the last five years was 1.10%, indicating moderate growth.

Looking forward, the forecast indicates a continuous upward trend with a predicted employment of 542,000 units by 2028. The average annual growth rate for the next five years is estimated at 0.41%, leading to a forecasted growth of 2.07% over this period.

Future Trends to Watch For:

Technological advancements in the aerospace sector potentially increasing employment opportunities.
The impact of global economic conditions and government policies on industry growth.
Shifts towards sustainable and eco-friendly practices potentially influencing new job roles.