Based on historical data, the number of employees in the Canadian Scientific Research and Development sector has shown a varied trend over the past decade. From 2013 to 2019, there was a general decline, with notable years of decreases, such as in 2015 and 2016. However, from 2020 onwards, there has been a substantial uptick, peaking significantly in 2021 with a 17.55% increase year-on-year and maintaining high numbers through to 2023. In 2023, the workforce stood at 76.98 thousand persons, showing a consistent upward trend leading into the forecasted years.
Key trends to observe moving forward include:
- A growth stabilization with a minimal average year-on-year increase of around 0.02% forecasted from 2024 to 2028.
- Maintaining workforce levels above 77 thousand persons, indicative of a stable but slowly growing employment rate in this sector.
Future trends to watch for include potential impacts of technological advancements and government policies on the employment rate within the sector. Moreover, shifts in global scientific priorities and funding could play a critical role in either accelerating or tempering this growth trajectory.
