Number of employees

The number of employees in the US is influenced by several factors, including economic conditions, such as recessions or growth cycles, which affect hiring and layoffs. Demographic trends, like an aging population and declining birth rates, reduce labor force growth. Technological advancements and globalization shift demand toward skilled jobs while reducing traditional manufacturing roles. Additionally, education levels, immigration policies and government actions (e.g., monetary and fiscal policies) significantly shape workforce participation and employment opportunities

The workforce has generally increased over time, largely due to population growth. However, this trend has also been influenced by shifts in economic conditions, including recessions and periods of rapid expansion. The pandemic notably led to a significant spike in unemployment, which was followed by robust recovery owing to stimulus measures and the return to economic normalcy. Although the workforce expanded, growth slowed in 2024 as companies faced tough challenges stemming from high interest rates. Looking ahead to 2025, the workforce is anticipated to grow again, fueled by population growth and interest rate reductions, which are expected to boost certain business activities.