The self-employed segment in the Canadian mining and quarrying sector is forecasted to experience a consistent decline from 2024 to 2028. The sector, which in 2023 stood at approximately 3.45 million hours, is set to decrease to 2.68 million hours by 2028. This signifies a year-on-year decline in activity: -4.86% (2024-2025), -4.79% (2025-2026), -5.37% (2026-2027), and -4.96% (2027-2028). The five-year compound annual growth rate (CAGR) reflects a steady decrease at an overall rate of 5.3% annually.
Future trends to watch for include technological advancements in mining processes leading to automation, and environmental regulations which may further reduce the need for self-employed labor within this sector. Economic shifts and resource demand fluctuations globally may also impact Canadian mining employment patterns.
