The employment in audiovisual and broadcasting sectors in the US has demonstrated a mixed trajectory from 2013 to 2023. In 2023, the employment value stood at 657.0 thousand units. During the last two years, there was a year-on-year increase by 0.31% from 2022 to 2023 and a 0.46% increment from 2021 to 2022. Over the last five years, the compound annual growth rate (CAGR) averaged at 0.75%.
Looking forward, the employment in this sector is forecasted to grow modestly with a 5-year CAGR of 0.33% from 2023 to 2028, reaching 671.0 thousand units by 2028, indicating a forecasted 1.67% growth rate over this period.
Future trends to watch include:
- Technological advancements shaping content creation and distribution.
- The impact of streaming services and digital platforms on traditional broadcasting roles.
- Potential regulatory changes affecting employment practices within the sector.