In 2023, the employment in Canada's retail sector, excluding motor vehicles and motorcycles, recorded a significant engagement based on actual data. The projections from 2024 to 2028 indicate a stable and slightly growing employment level in terms of billion hours worked. Notably, there is no variation from 2024 to 2026, with an expected slight increase by 2027 and consistent levels through 2028. The CAGR over five years suggests a minimal growth trend in employment hours in this sector.

Future trends to watch for:

Potential shifts in consumer spending and how e-commerce evolution impacts traditional retail jobs.
Technological advancements such as automation and their effect on employment hours.
Economic factors like inflation and interest rates possibly altering employment dynamics.