As of 2023, the number of employees in medium-high R&D intensive activities in the US stood at 7.59 million. The forecasted data for 2024-2028 shows a steady growth in R&D employment, increasing from 7.65 million in 2024 to 7.9 million in 2028. Year-on-year growth percentages are approximately: 0.78% (2024), 0.78% (2025), 0.79% (2026), 0.77% (2027), and 0.77% (2028). The compound annual growth rate (CAGR) over this period is a modest 0.78%, indicating a stable upward trend.
Future trends to watch for:
- Technological advancements: Continued innovation may further boost demand for R&D roles.
- Policy impacts: Changes in government funding and regulation could influence employment levels.
- Sector shifts: Growth in certain industries may accelerate job creation in R&D.
- Global competition: International dynamics might affect the US R&D landscape and labor demand.
