In 2023, the Agricultural Products and Livestock sector in Canada recorded a total of 359.87 million hours of employment. This figure is expected to grow steadily over the next five years.
Between 2024 and 2028, the forecast shows an incremental increase each year, with the number of million hours rising from 365.52 in 2024 to 376.08 in 2028. The year-on-year growth percentages are as follows:
- 2024 to 2025: 0.73%
- 2025 to 2026: 0.72%
- 2026 to 2027: 0.71%
- 2027 to 2028: 0.70%
The compound annual growth rate (CAGR) from 2024 to 2028 averages at approximately 0.72% per year, indicating a consistent upward trend in employment demand within this sector.
Future trends to watch for include advancements in agricultural technology potentially enhancing productivity, labor dynamics, and shifts in global trade policies that could impact employment needs. Monitoring these elements will be crucial for accurate forecasting and strategic planning in the sector.
