In 2023, the actual number of employees in Canada's mining and quarrying sector stood at 240,000 individuals. From 2024 to 2028, forecasts indicate steady growth in employment, with an increase from 242.3 thousand in 2024 to 252.39 thousand by 2028. The projected year-on-year growth rates are modest, roughly around 1.1% annually. Over this five-year period, the compound annual growth rate (CAGR) is expected to be approximately 1.08%, reflecting a stable upward trajectory in employment within this sector.
Future trends to watch for include technological advancements increasing operational efficiency, which may influence employment needs. Furthermore, policy changes around environmental regulations and market demand for minerals could impact job growth. Staying attentive to these factors will be crucial for anticipating workforce requirements in the mining and quarrying industry.
