In 2023, the retail sector in the US, excluding motor vehicles and motorcycles, employed roughly 13.72 million persons. The forecasted data from 2024 to 2028 indicates a gradual increase in employment numbers, rising from 13.73 million in 2024 to 13.75 million by 2028. Year-on-year variations show minimal change, reflecting a stable market. The compound annual growth rate over these five years stands at approximately 0.02%, highlighting a steady trend.
Future trends to watch include the impacts of e-commerce expansion and potential shifts in consumer behavior. Technological advancements, such as automation, might influence employment stability and growth in the sector. Additionally, economic conditions and policy changes may present opportunities or challenges to employment trends within the retail industry.
