The employment in Urban Transit Systems and Transportation in the US demonstrated fluctuations between 2013 and 2023. In 2023, the employment stood at 41 thousand persons. The period saw initial growth from 2013 to 2016, followed by a significant drop in 2017. The figures stabilized around 42-43 thousand from 2017 to 2023, with minor variations.
Year-on-year variations show periodic growth and decline. Notably, 2015 and 2016 saw positive growth, whereas 2017 experienced a drop. From 2020 onwards, the employment slowly declined, culminating in a 2023 figure similar to 2022.
The Compound Annual Growth Rate (CAGR) over the last five years has been -0.95%. The forecast from 2024 to 2028 indicates a downward trend with a forecasted CAGR of -0.51% and a growth rate decrease of -2.5%.
Future trends to watch for include the continuing impact of technology on transportation, including automation and shared mobility services, which may influence employment in urban transit systems. Additionally, shifts in tourism patterns and urbanization could further affect employment figures.
