The analysis of self-employed people in the financial service activities sector in the US reveals notable fluctuations over the past decade. Starting with a low point in 2013, the sector saw a steady increase until 2016. However, despite some declines, significant growth was observed in 2018 and 2020. The actual data for 2023 shows this sector standing at 130,000 jobs, marking a 1.56% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years is -2.16%, indicating overall sector volatility.
Forecasts from 2024 onwards suggest stability with slight variations, peaking at 129,000 jobs by 2028. The forecasted five-year CAGR is projected to be a modest -0.16%, implying a very gradual decline, if any.
Future trends to watch for:
- Technology advancements possibly reshaping the financial services landscape.
- Policy changes impacting self-employment regulations and financial incentives.
- Evolving consumer behavior influencing demand for financial services).
