Forecast: Employment in Sports Activities, Amusement and Recreation Activities Sector in Canada

Based on the provided data, the employment in the Sports Activities, Amusement and Recreation Activities sector in Canada stood at 193.95 million hours in 2023. Over the past two years, there has been substantial fluctuation, with a notable decline of 4.93% from 2022 to 2023. The average variation per year (CAGR) over the last five years (2018-2023) is -1.72%, indicating a mild decline. A long-term trend shows a significant drop in 2020 due to unforeseen events, followed by recovery phases in 2021 and 2022, then a slight decline again in 2023.

Looking ahead, the employment forecasts from 2024 to 2028 suggest modest growth. The CAGR is predicted to be 0.07%, with the sector achieving a minor overall increase of 0.34% from 2023 to 2028. Future trends to watch for include the sector’s responsiveness to technological advancements, economic recovery post-pandemic, and changing consumer preferences for recreational activities.