The non-ferrous metals industry in the US is projected to see a slight decline in employment from 2024 to 2028, with forecasted figures dropping from 207,000 to 202,000. This equates to a year-on-year decrease of approximately 0.5%, based on past data which indicated a stable employment number in 2023. The compounded annual growth rate (CAGR) over this five-year period stands at approximately -0.6%. Despite the negative trend, it's crucial to recognize the consistent, albeit gradual, decline, reflecting industry adjustments such as technological advancements and potential shifts in demand.
Future trends to monitor include advancements in automation and recycling technologies, which may further impact employment figures. Additionally, changes in environmental regulations and global supply chain dynamics could alter the industry landscape and influence future workforce requirements.
