The UK mining and quarrying sector employment is forecasted to decline steadily from 48.96 thousand in 2024 to 44.49 thousand in 2028. This represents a year-on-year decrease of approximately 2.35% between 2024 and 2025, and continues at a similar rate across the forecast period with a Compound Annual Growth Rate (CAGR) of -2.36% from 2024 to 2028. In 2023, the actual figures were slightly higher, indicating a consistent downward trend.
Future trends to watch for include:
- Advancements in automation and technology potentially leading to further reductions in employment.
- Evolving regulations on sustainability that could impact workforce demand.
- External economic factors such as commodity prices affecting the sector’s employment stability.