The dataset projects a steady decline in the labor hours by self-employed individuals in the food services and beverage sector in Canada. Specifically, from 2024 to 2028, the estimated values show a consistent year-on-year decrease. In 2023, the number stood at 65.89 million hours, indicating a continuation of the downward trend. The compound annual growth rate (CAGR) over these five years reflects a gradual reduction in engagement from the self-employed sector.
Future trends to watch for include:
- Automation and technology integration impacting labor hours.
- Potential policy changes influencing self-employment viability.
- Shifts in consumer demand possibly affecting sector dynamics.
