The total hours worked forecast in the Electricity, Gas, and Water Supply sectors, along with Sewerage, Waste Management, and Remediation Activities in the US is projected to see a modest upward trend from 2024 to 2028, growing from 2.13 billion hours to 2.19 billion hours. In the historical context, as of 2023, this projected growth reflects a steady industry engagement. The year-on-year percentage increases are minor, implying stable demand for labor in these sectors. Over the forecast period, the Compound Annual Growth Rate (CAGR) indicates a consistently modest growth rate.
Future trends to watch for include:
- Technological advancements leading to efficiency improvements, potentially affecting labor hours.
- Policy shifts or regulations impacting energy sources and environmental management.
- Changes in climate-related considerations influencing industry activities and labor needs.