In 2023, the number of employees in the Public Administration and Defence, Compulsory Social Security sector in Canada stood at approximately 1.26 million. From 2024 to 2028, the forecast shows a gradual increase in employment figures, reaching 1.32 million by 2028. The year-on-year growth rates for 2024 to 2025 and 2025 to 2026 are modest at approximately 0.79% and 0.78% respectively, while 2026 to 2027 and 2027 to 2028 show slightly higher growth rates of 1.55% and 0.76% respectively. The compound annual growth rate (CAGR) over this five-year forecast period is around 0.93%.
Future trends to watch for in this sector include:
- Technological advancements influencing job functions and efficiencies, potentially altering workforce requirements.
- Policy changes due to evolving economic and social priorities impacting employment growth.
- Demographic shifts such as aging populations that may necessitate adjustments in social security workforce capacities.