The employment in ICT and Information Services in the US has shown a consistent upward trend from 2013 to 2023, standing at 2.79 million full-time equivalents in 2023. The yearly variations have generally tapered over the years. The yearly growth rates declined from 7.04% in 2015 to 2.13% in 2023. Over the past five years, the compounded annual growth rate (CAGR) averaged 2.38%, reflecting a steady, albeit slower increase in employment.
A future trend to watch for includes the forecasted CAGR of 1.48% over the next five years, indicating moderate but continued growth. Technological advancements and increased digitalization are potential drivers for further employment growth in this sector. Emerging trends such as AI, cybersecurity, and remote work dynamics will likely shape future employment patterns in ICT and Information Services.
