Forecast: Employment in Air Transport in the US

In examining the employment trend in the US air transport sector, the actual data reflects a steady year-on-year increase from 426,000 units in 2013 to 485,000 units in 2023. The annual growth rates have varied, with significant acceleration seen between 2016 and 2017. Over the last two years, the employment growth rate remained positive though moderate, at approximately 0.41% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at around 0.33%.

Growth projections indicate a continued, albeit slow, upward trajectory with a forecasted employment of 493,000 units by 2028, reflecting a five-year CAGR of approximately 0.25%. The five-year growth rate from 2023 to 2028 is estimated at 1.23%.

Future trends to watch for:

  • Technological advancements and automation's impact on employment needs.
  • Environmental regulations and their influence on operational shifts.
  • Consumer behavior changes and recovery post-pandemic.

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