The forecast for total hours worked in Canada's textiles, wearing apparel, and leather products industry from 2024 to 2028 shows a consistent decline from 45.1 million hours in 2024 to 23.45 million hours in 2028. Comparing with the 2023 levels – [previous levels or data are missing for precise comparison] – this downward trend suggests significant industry contraction. Year-on-year, the reduction rates are steep, and a compound annual growth rate (CAGR) analysis reveals a decrease in total hours worked, emphasizing a systemic downtrend over the five years.
Future trends to watch include technological advancements, automation, and shifts in consumer preferences, which could further decrease labor demand. Additionally, trade policies and global market dynamics will play a crucial role in shaping industry trajectories in Canada’s textile and apparel sectors.
