The employment in Publishing, Audiovisual, and Broadcasting Activities in the US has seen gradual growth from 2013, starting at 1.37 million units (FTE) and reaching 1.49 million units in 2023. Over this period, the year-on-year variations have fluctuated, with an average CAGR of 0.56% over the past five years.
From 2013 to 2023, employment witnessed significant fluctuations. Noteworthy changes include a notable increase of 3.5% in 2016 and a decline of 0.9% in 2017. The most recent two years (2022-2023) show a stable trend with year-on-year increases of 0.27% and 0.2%, respectively. Forecasts indicate that employment will reach 1.51 million units by 2028, with the last five years having an estimated CAGR of 0.21% and an overall growth rate of 1.07%.
Future trends to watch for in the sector include:
- Impact of digital transformation and streaming services on employment
- Shifts in consumer preferences towards digital media
- Regulatory changes impacting publishing and broadcasting sectors
- Technological advancements in content creation and distribution
