The employment in the Publishing Activities Sector in the UK has seen a fluctuating trend over the past decade. Starting from 122.23 thousand full-time equivalents (FTE) in 2013, the sector experienced minor growths and declines, peaking at 130.81 thousand FTE in 2017 and declining to 111.09 thousand FTE by 2023. Overall, from 2018 onwards, the employment trend has been predominantly downward, with minor decreases year-on-year.
In 2023, the employment stood at 111.09 thousand FTE, reflecting a -1.42% year-on-year variance from 2022. Cumulatively, over the past five years (2018-2023), the employment showed an average annual shrinkage of approximately -1.24%.
Looking ahead, the forecast suggests a continuous decline in employment, projecting a reduction to 102.72 thousand FTE by 2028. The sector is expected to witness a -1.24% CAGR over the upcoming five years, totaling a -6.05% decrease in employment by 2028.
Future trends to watch for include the impact of digital transformation and automation within the publishing industry, changes in consumer reading habits, and potential shifts in traditional versus digital media consumption. Keeping an eye on these factors will provide insights into how the sector's employment may evolve beyond the forecasted period.
