In 2023, the Employee count in the Fabricated Metal Products Manufacturing sector in the US stood at approximately 1.10 million. The forecast from 2024 to 2028 indicates a gradual decline in employment, with 2024 at 1.09 million and decreasing to 1.04 million by 2028. This reflects a consistent year-on-year decrease, with the sector expected to experience a Compound Annual Growth Rate (CAGR) of approximately -1% over the five-year period.
Future trends to watch for include advancements in automation and technology which may further reduce labor needs, trade policy changes affecting manufacturing, and shifts in domestic demand for fabricated metal products. Monitoring these factors will be crucial in understanding their potential impact on employment levels in the sector.
