The employment in the Waste Management and Materials Recovery sector in Canada has shown considerable variation over the past decade. Starting from 80.97 million hours in 2013, it has seen growth with some fluctuations, reaching 112.46 million hours by 2023. The year-on-year change averaged 4.77% initially but showed mixed trends, including significant fluctuations such as a drop by -8.16% in 2020, primarily due to the COVID-19 pandemic. In recent years, growth has stabilized, with a 1.09% increase reported in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is relatively modest at 0.68%.
Future trends forecast a gradual growth, with employment expected to increase from 114.04 million hours in 2024 to 118.95 million hours by 2028. This indicates a forecasted 5-year CAGR of 0.85%, resulting in an overall growth of 4.3% over this period.
**Future Trends to Watch:**
- Technological advancements in waste processing and materials recovery, potentially requiring specialized skills and altering labor demand.
- Environmental regulations and sustainability initiatives driving sector growth and employment opportunities.
- Economic factors and market dynamics that could affect sector stability and job creation.
