The employment in the US publishing industry increased from 759,000 units (FTE) in 2013 to 833,000 units (FTE) in 2023. The employment numbers show fluctuations and minor variations year-on-year, with notable growths and occasional declines. The most recent five-year CAGR stands at 0.41%, indicating steady but modest growth. Forecasts predict a continuation of this trend, with a projected five-year CAGR of 0.14% up to 2028.
Recent trends reveal:
- Employment slightly declined by 0.84% in 2020 but recovered in subsequent years.
- A gradual increase with minimal year-on-year variations in recent years (0.12% in 2023).
Future trends to watch for:
- The impact of digital transformation on traditional publishing roles.
- Adoption of new content delivery methods and their influence on employment dynamics.
- Changes in consumer behavior towards digital and print mediums.