As of 2024, the forecast for self-employed individuals in Canada's Basic Metals and Fabricated Metal Products Manufacturing sector shows a decline from 3.14 thousand jobs to 2.99 thousand jobs by 2028. This indicates a consistent downward trend with annual decreases observed as 1.27% in 2024-2025, 1.29% in 2025-2026, 0.98% in 2026-2027, and 1.32% in 2027-2028. The compound annual growth rate (CAGR) over this five-year period averages a decrease of approximately 1.22% annually. In 2023, the value stood at around 3.18 thousand jobs.
Trends to watch for in the future include technological advancements which may influence job roles, shifts in global demand for manufactured metal products, and the impact of regulatory changes on small business operations within the sector.
