In 2023, the number of persons employed in textiles, wearing apparel, and leather products in the US was significantly higher than the forecasted 269,000 in 2024. From 2024 to 2028, there is a projected consistent decline, reflecting a significant downward trend. The year-on-year percentage decreases from 2024 to 2028 show an average drop in employment, with the five-year CAGR illustrating a continuous decline, emphasizing the sector's contraction.
Future trends to watch for in this industry include technological advancements and automation affecting labor demand, potential shifts in consumer preferences towards sustainable products, and the impact of trade policies on domestic manufacturing.
