The number of persons employed in the electrical equipment sector in the US was projected to decrease steadily from 391,000 in 2024 to 385,000 by 2028. In comparison, the figures for 2023 were not explicitly provided, leaving the base year for calculations speculative. Year-on-year decreases approximate 0.3% to 0.5% from 2024 to 2028, indicating a slight negative growth trend in this employment sector. The Compound Annual Growth Rate (CAGR) over the five years shows a steady decline, reinforcing the forecast of decreasing employment numbers.

Future trends to watch for:

Automation and technological advancements that may influence skill requirements and subsequently impact employment numbers.
Economic factors and policy changes that could affect the manufacturing landscape in the electrical equipment sector.
The potential shift towards sustainable energy solutions and their employment implications within the industry.