In 2023, employment in Canada's agricultural products and livestock sector stood at 584 million hours. Forecasted data indicates a consistent year-on-year decline from 2024 through 2028, with employment hours gradually decreasing from 579.26 million in 2024 to 558.26 million by 2028. This suggests a concerning downward trend for the sector, with a Compound Annual Growth Rate (CAGR) reflecting a steady annual decrease over the period.
Future trends to watch for include:
- Technological advancements potentially reducing labor needs.
- Shifts in consumer demand impacting production strategies.
- Potential policy changes affecting agricultural labor markets.
- Climate change implications on agricultural productivity and employment.
