In 2023, the number of employees in the Fabricated Metal Products Manufacturing sector in the US stood at 1.41 million. Forecast data from 2024 suggests a gradual decline, reaching 1.35 million by 2028.
- 2024 sees a 1% decline from 2023.
- The trend continues with a 0.72% year-on-year reduction in 2025.
- A consistent decrease of approximately 1% annually is observed through 2028.
The compound annual growth rate (CAGR) from 2024 to 2028 highlights an average annual decline of 0.9%.
Future trends to watch for include technological advancements and automation, which might further reduce employment but increase efficiency. Additionally, policy changes or tariff adjustments could significantly impact labor demand within the sector.
