The forecast for the number of self-employed persons in the US retail trade sector, excluding motor vehicles and motorcycles, indicates a declining trend from 2024 to 2028. By 2023, this figure stood at 573,000. Year-over-year percentage changes show a steady decrease of approximately 1.8% each year. Over the five-year period, the compound annual growth rate (CAGR) reflects a downturn in self-employment opportunities, averaging around 1.6% annually.
Future trends to consider include:
- Impact of e-commerce growth on traditional retail self-employment.
- Shifts in consumer behavior and the rise of digital retail platforms.
- Policy changes affecting small businesses and entrepreneurial ventures.
