The forecasted employment in the UK retail trade sector, excluding motor vehicles and motorcycles, is declining slightly from 2024 to 2028. The figures start at 3.1622 million employees in 2024 and decrease marginally to 3.1512 million by 2028. Year-on-year percentage variations are minimal, reflecting a steady decrease with a negative CAGR for the five-year period, indicative of a gradual declining trend.
Future trends to watch:
- Impact of e-commerce on traditional retail employment.
- Potential increase in automation and digitalization within retail stores.
- Economic factors impacting consumer spending and retail employment.
