Between 2013 and 2023, employment expressed in Million Hours in the Water Collection, Treatment, and Supply Sector in Canada demonstrates a decreasing trend. Starting at 21.65 million hours in 2013, it peaked in 2014 at 22.29 million hours and has been on a general downward trajectory since then. Notably, 2020 saw a significant drop of -10.88% due to the impact of the COVID-19 pandemic. From 2021, some recovery was observed, but 2023 still marks a decline to 20.21 million hours, reflecting a -2.9% year-on-year decrease and an average CAGR of -1.27% over the past five years.
Looking into future trends:
- The forecast indicates a continuous but slower decline, with a forecasted CAGR of -0.35% from 2024 to 2028.
- By 2028, employment is expected to stand at 19.75 million hours, marking a forecasted 1.74% reduction over five years.
Future trends to watch for:
- Technological advancements in water treatment processes that could change workforce requirements.
- The impact of environmental policies and regulations aimed at sustainable water management.
- Continued effects of climate change prompting shifts in water supply and demand dynamics.
- Potential revitalization efforts and investments in infrastructure that might influence employment patterns.