As of 2023, the number of employees in Canada's retail trade sector (excluding motor vehicles and motorcycles) was approximately 1.80 thousand jobs. Forecasts from 2024 to 2028 indicate a gradual increase in employment, reaching 1.89 thousand jobs by 2028. Year-on-year growth from 2024 to 2028 shows a steady positive trend ranging from 1.0% to 1.2%. The compound annual growth rate (CAGR) over the five-year period is stable, highlighting consistent expansion in this sector.
Future trends to watch for include the potential impact of e-commerce growth and automation, which may influence labor demands and skill requirements in retail. Additionally, changes in consumer behavior and economic conditions could further shape employment trends in this sector.
