In 2023, the Retail Trade sector (excluding Motor Vehicles and Motorcycles) in the UK had approximately 3.08 million employees. From 2024 to 2028, the forecast shows a minimal year-on-year employee growth, reflecting a stable but slow increase. The average compound growth rate over these five years is nearly neutral, suggesting stability rather than expansion.
Future trends to watch for:
- Technological advancements could modify job roles requiring diverse skill sets.
- E-commerce growth might further impact traditional retail employment.
- Potential economic shifts that could alter consumer spending and employment levels in retail.