The employment in the warehousing and support activities for the transportation sector in Canada has shown consistent growth from 2013 to 2023, with the number of jobs standing at 249.83 thousand units in 2023. Over this period, there have been noticeable year-on-year variations such as a 6.61% increase in 2015 and a 6.5% increase in 2017. However, the growth rate slowed in recent years, showing a 2.83% increase in 2023. The compound average growth rate (CAGR) for the last five years is 2.8%.
Looking ahead to the forecast from 2024 to 2028, the sector's growth is expected to continue but at a slower pace, with a forecasted five-year CAGR of 1.95% and an overall growth rate of 10.14%.
Future trends to watch for include:
- Technological advancements in warehousing and logistics
- Impact of e-commerce growth on warehousing demand
- Labor market dynamics and automation's impact on employment
- Supply chain disruptions and their effects on workforce needs
