The Total Hours Worked in Non-Ferrous Metals in Canada are forecasted to decrease from 44.4 million hours in 2024 to 41.67 million hours in 2028. This represents a year-on-year reduction of roughly 1.58% from 2024 to 2025, 1.58% from 2025 to 2026, 1.58% from 2026 to 2027, and 1.56% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for this period indicates an average annual decline of approximately 1.57% over these five years.
Future trends to watch for include:
- Technological advancements potentially leading to increased automation, further reducing labor hours.
- Potential impacts of regulatory changes or environmental policies on labor demands in the sector.
- Market demand fluctuations for non-ferrous metals affecting employment and hours worked.