In 2023, employment in Canada's mining and quarrying sector was approximately 226.45 thousand persons. Forecasts for 2024 to 2028 show a steady decline, with employment decreasing from 225.05 to 219.49 thousand persons. The year-on-year variation indicates a continuous decrease in workforce numbers, with the compound annual growth rate (CAGR) over the five-year period revealing an average annual reduction in employment. This trend signals an ongoing contraction in the sector.
Future trends to watch for include:
- Technological advancements potentially further reducing workforce needs.
- Policy changes or economic factors possibly impacting sector growth and employment.
- Increased focus on sustainability influencing mining operations and labor requirements.