The employment forecast in the US retail trade sector (excluding motor vehicles and motorcycles) shows a gradual increase from 14.47 million in 2024 to 14.52 million in 2028. This indicates a steady, albeit modest, year-on-year growth of approximately 0.14% between 2024 and 2025, continuing similarly through to 2028.
From 2023 to 2028, the compound annual growth rate (CAGR) remains approximately consistent, reflecting the sector’s stable but slow expansion trajectory.
Looking ahead, watch for:
- Potential technological advancements altering the retail employment landscape.
- Economic conditions affecting consumer spending and retail jobs.
- Policy changes influencing labor market dynamics.
- Sustainability and e-commerce impacts on traditional retail employment.
