The Railways Passenger Transport Employment in the UK has shown considerable fluctuations over the past decade. From 2013 to 2015, employment rose significantly, highlighting a period of growth. However, 2016 saw a substantial drop, followed by another rise in 2017. In recent years, from 2018 to 2023, employment figures have stabilized around 30,000 employees. As of 2023, the value stood at 31.11 thousand employees. Year-on-year variations from 2022 to 2023 show a minor increase of 0.51%, while the CAGR over the last 5 years indicates an average annual growth of 0.73%.
Looking forward, the forecasted data from 2024 to 2028 shows a slight but consistent increase, with a five-year CAGR of 0.37% and an overall growth rate of 1.88%. These projections suggest a trend towards gradual stabilization and modest growth in railway passenger transport employment in the UK.
Future trends to watch for:
- Technological advancements such as automation could impact employment numbers.
- Government policies on transport and infrastructure investment may affect job creation.
- The potential impact of economic factors such as Brexit and post-pandemic recovery on the transport sector.