In the US textiles, wearing apparel, and leather products manufacturing sector, employment forecasts for 2024 to 2028 show a continual decline, moving from 310,000 jobs in 2024 to 295,000 by 2028. Compared to 2023, this represents a year-on-year decrease in employment figures, highlighting a negative trend. The compounded average growth rate (CAGR) for this period indicates a gradual contraction within the industry over the past five years.

Future trends to watch for:

Technological advancements and automation that may further reduce workforce needs.
Shifts in fashion trends and consumer demand potentially influencing production processes.
Trade policies and economic factors impacting export opportunities and domestic production sustainability.