In 2023, the total hours worked in the US retail trade sector (except motor vehicles and motorcycles) registered at 20.66 billion hours. Forecasts for 2024 to 2028 suggest minimal growth, stabilizing around 20.66 to 20.68 billion hours. The year-on-year variation is negligible, indicating a stable industry environment. Over a five-year period, the compound annual growth rate (CAGR) signifies virtually no change from 2024 to 2028, implying a mature phase for the sector in terms of labor input.

Future trends to watch:

Impact of technological advancements and automation on labor hours.
The evolving retail landscape and shift to e-commerce impacting traditional retail hours.
Labor market changes or regulatory shifts that could influence work hours.