The forecast for self-employed individuals in the US retail sector (excluding motor vehicles and motorcycles) shows a consistent decline from 2024 to 2028. In 2023, the number of self-employed jobs stood at a certain level, which isn't specified in the provided data but is key to understanding the forecast trend.
The year-on-year variation indicates a steady decrease: a decline of 1.37% from 2024 to 2025, 1.21% from 2025 to 2026, 1.05% from 2026 to 2027, and 1.06% from 2027 to 2028. The average compound annual growth rate (CAGR) over this period reveals a decline of roughly 1.17% annually.
Future trends to watch for include:
- The impact of e-commerce and digital transformation on traditional retail.
- Potential shifts in consumer behavior due to economic or social factors.
- The role of technology and automation in reducing the need for self-employed roles.
- Policy changes and financial incentives that could affect self-employment in retail.