In 2023, the Basic Metals and Fabricated Metal Products Manufacturing sector in the US had an estimated 1.54 million employees. The forecast from 2024 to 2028 indicates a steady decline in employment figures. Year-on-year variations reveal a gradual decrease, with employees reducing from 1.51 million in 2024 to 1.42 million by 2028. This equates to a compound annual growth rate (CAGR) reflecting a decline over the five-year period.

Future trends to watch for:

Technological advancements leading to increased automation, reducing workforce demand.
Potential policy changes or economic conditions impacting manufacturing jobs.
Global trade dynamics affecting labor requirement in metal production.