The forecast for labor compensation per employee in the Agriculture, Forestry, and Seafood sectors in the US shows a slight downward trend. From 2024 to 2028, the year-on-year change in compensation remains minimal, with a decrease starting from 1.66% in 2024 to 1.64% in 2028. In 2023, the series was expressed as a baseline at 1.66% change from the previous year. This gentle decline indicates potential stability or marginal decrease in growth rates.
Future trends to watch include potential impacts from technological advancements, labor shortages, and regulatory changes that could influence compensation dynamics in the sector. Monitoring these elements may provide insights into longer-term trends in the industry.
