The wholesale sector in the US, excluding motor vehicles and motorcycles, is predicted to see a gradual increase in employee hours. Following a value of 10.98 billion hours forecasted for 2024, there’s a steady growth projected, reaching 11.14 billion hours by 2028. Comparing these forecasts with the standing in 2023, the sector is on a slight upward trajectory, despite economic uncertainties and potential disruptions. The year-on-year growth remains modest, indicating a stable yet slow-paced expansion. The compound annual growth rate (CAGR) over the five years is equally conservative, reflecting a consistent market presence.
Future trends to watch for include the digital transformation in wholesale logistics, with advancements in automation and supply chain technologies, which could impact labor needs. Additionally, shifts in consumer behavior and global trade relations will be critical in shaping workforce demands in this sector.
