In 2024, the Canadian agricultural products and livestock sector is expected to employ approximately 183,070 people, with projections indicating a steady increase to around 189,090 by 2028. In 2023, employment stood at 181,500 jobs, reflecting a year-on-year increase of 0.86% in 2024. This growth trend is expected to continue, with anticipated annual increases of 0.83% in 2025, 0.82% in 2026, 0.81% in 2027, and 0.79% in 2028. The compound annual growth rate (CAGR) over the 5-year period is forecasted at 0.81%, showcasing moderate yet consistent growth.
Future trends to watch for:
- Technological advancements in agriculture potentially leading to shifts in labor demand.
- Impacts of climate change and policy shifts on agricultural productivity and employment.
- Increasing focus on sustainability and its effect on employment patterns in the sector.