The forecasted data for employment in the Wearing Apparel sector in Norway shows a consistent decline from 2024 to 2028. Starting in 2024 with 1.03 thousand full-time equivalent (FTE) jobs, it decreases marginally each year to reach 0.985 thousand FTEs by 2028. This represents a year-on-year negative growth, shrinking gradually from a 0.97% decrease in 2025 to a 1.1% decrease by 2028. The compounded annual growth rate (CAGR) over this period also reflects a downward trend, indicating a shrinking sector in terms of employment.
Future trends to watch: As employment in the sector continues to decline, factors such as technological advancements, outsourcing, and shifts in consumer preferences towards sustainable and ethically produced apparel could further influence these trends. Companies and policymakers must adapt to these changes, potentially focusing on innovation and sustainability to reverse or mitigate the declining employment trajectory.
