In 2023, the total hours worked in Security and Investigation Activities, Services to Buildings and Landscape Activities, and Office Administrative, Office Support and Other Business Support Activities in the US was estimated at approximately 9.08 billion hours.
The forecasted data from 2024 to 2028 indicates a steady growth:
- 2024: 9.18 billion hours
- 2025: 9.27 billion hours
- 2026: 9.35 billion hours
- 2027: 9.44 billion hours
- 2028: 9.52 billion hours
The year-on-year increase indicates a moderate upward trend averaging about 0.9% annually between 2024 and 2028, suggesting a compound annual growth rate (CAGR) around 0.96% over this period.
Future trends to watch for include technological advancements affecting labor needs, economic factors influencing business operations, and policy changes impacting workforce regulations. Monitoring shifts in demand for outsourced administrative and security services will also be crucial.
