Forecast: Employees in Food Services and Beverage Services Sector in the US

In 2023, the total hours worked by employees in the US Food Services and Beverage Services sector stood at 16.48 billion hours. The forecast growth from 2024 to 2028 shows a steady increase, with 2024 predicted to hit 16.65 billion hours, rising to 17.26 billion hours by 2028. The year-on-year variation reveals a consistent upward trend: from 2024 to 2025, a 0.96% increase; from 2025 to 2026, a 0.89% rise; from 2026 to 2027, a 0.88% jump; and from 2027 to 2028, a 0.88% growth. The five-year compound annual growth rate (CAGR) from 2023 to 2028 is approximately 0.93%.

Future trends to watch for include the impact of automation and AI in the sector, potential changes in consumer behavior post-pandemic, and evolving labor market conditions that could influence total working hours. These factors could alter the forecast and should be monitored closely.

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