Forecast: Employees in Telecom Sector in Canada

The Telecom sector in Canada showed variable trends over the past decade. Starting from 2013, employee hours showed a notable decline until 2014, following which there were fluctuations. A notable steep increase was observed from 2020 to 2021, continuing into 2022. However, 2023 saw a slight dip. For most of the forecast period from 2024 to 2028, employee hours are expected to remain relatively stable with minimal year-on-year variation.

Key trends over the last two years (2022-2023):

• 2022 saw a year-on-year increase of 2.12%.
• 2023 experienced a slight decrease of 0.028% year-on-year.

The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) stands at 2.18%, indicating positive albeit moderate growth in employee hours within the sector.

Future Trends to Watch:

The forecast period from 2024 to 2028 anticipates a stable trend with a minimal growth rate of 0.04%. The forecasted five-year CAGR is nearly 0.01%, suggesting that the sector may experience steady yet modest changes. Potential disruptive technologies, policy changes, and market demands will be crucial to monitor as they could significantly impact employee hours moving forward.