In 2023, the employment in the Manufacture of Basic Iron and Steel sector in Italy was positioned at 50.25 thousand full-time equivalents. From 2024 to 2028, the forecasted data reveals a consistent decline, with employment figures projected to decrease from 49.27 thousand in 2024 to 45.42 thousand in 2028.
The year-on-year variation depicts a gradual reduction in workforce, with annual decreases ranging between 1.98% and 2.02%. Over the five-year period until 2028, the compounded annual growth rate (CAGR) suggests an average annual reduction of approximately 2% in employment within the sector.
Future trends to monitor include technological advancements and automation which may further influence employment figures. Additionally, the sector's adaptation to sustainable practices and changes in global demand could also play significant roles in shaping future employment trajectories.
