The employment in business services in Canada has demonstrated a steady increase from 2013 to 2023. In 2023, the number of jobs stood at 9.84 thousand, reflecting a consistent upward trajectory. Year-on-year variations reveal a pattern of modest but steady growth, with annual increases generally around 1.1% over the last two years. The compound annual growth rate (CAGR) over the last five years has stabilized at approximately 1.3%.
Looking ahead, forecasts suggest the trend will continue with a five-year CAGR of 0.74% from 2024 to 2028, resulting in an overall growth rate of 3.75% over this period.
Future trends to watch for include technological advancements and automation within business services, which could impact job growth rates, and potential shifts in economic policies that may alter employment landscapes.
