Between 2013 and 2023, leisure employment in Canada exhibited considerable fluctuations. From 2013 to 2019, employment showed a slight upward trend with minor annual variations, peaking at 71.6K jobs in 2019. However, the COVID-19 pandemic caused a significant dip, dropping to 48.8K jobs in 2020, marking a -31.84% year-on-year change. Recovery efforts saw gradual improvement, with employment reaching 72.35K jobs in 2023, a 7.36% increase year-on-year. The five-year CAGR from 2018 to 2023 stands at 0.26%, reflecting overall resilience despite the pandemic shock.
Looking forward to 2028, the forecasted five-year CAGR is 0.39%, with an average annual growth rate of 1.98%. Employment is anticipated to reach 74.16K jobs by 2028, suggesting steady but modest growth.
Future Trends to Watch For:
- Impact of technological advancements on leisure employment dynamics.
- Post-pandemic recovery and shifts in consumer leisure preferences.
- Potential influence of macroeconomic factors and government policies on job creation within the leisure sector.