As of 2023, the retail trade sector, excluding motor vehicles and motorcycles, employed approximately 13.87 million persons in the US. From 2024 onwards, the sector is projected to experience modest growth with a year-on-year increase of 0.22% through 2028, resulting in 13.99 million employees. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is around 0.17%, indicating a stable yet sluggish upward trend.

Future trends to watch for:

Technological advancements driving the need for a skilled retail workforce.
Rising e-commerce impacting employment dynamics within traditional retail.
Potential economic fluctuations influencing hiring and labor demands.
Continuous adaptation to consumer behavior transformations and sustainability trends.