The employment in the non-ferrous metals sector in the US has seen varying trends over the years. From 2013 to 2023, employment peaked at 212,000 units in multiple years and saw declines in several other years, with a notable decrease from 2016 onwards. By 2023, the employment rate stood at 203,000 units, witnessing a year-on-year decline of 0.49%. The compound annual growth rate (CAGR) for the last five years averaged 0.39%.
Future trends to watch for include:
- A continued decline in employment, projected to reach 195,000 units by 2028.
- The forecasted 5-year CAGR is -0.6%, indicating a consistent decrease in employment.
- Potential market shifts due to technological advancements, automation, and sustainability initiatives could further impact job numbers and industry dynamics.