According to Statistics Canada, the manufacturing sector is expected to experience a moderate decline in employment rates by 2024, primarily due to automation and global market shifts.
The Conference Board of Canada predicts a 2.5% decrease in manufacturing employment by 2024, citing factors such as technological advancements and trade uncertainties.
Researchers at McGill University have analyzed historical data and forecasted a stabilization of manufacturing employment rates in Canada by 2024, driven by investments in emerging technologies.
IBISWorld's industry report anticipates a 1.8% annualized decline in Canadian manufacturing employment from 2020 to 2024, attributed to increasing competition from low-wage countries.
Employment and Social Development Canada provides an overview of the current manufacturing employment landscape and forecasts a gradual shift towards more skilled and tech-savvy jobs by 2024.
TD Economics projects a modest recovery in manufacturing employment by 2024, driven by a resurgence in domestic demand and strategic investments in innovation and trade development.
Canadian Manufacturers & Exporters (CME) offers expert analysis and forecasts on manufacturing employment trends, highlighting the need for workforce development and adaptation to emerging technologies by 2024.
Our World in Data presents a comprehensive overview of historical manufacturing employment trends in Canada and forecasts a continued decline in employment rates by 2024, using global data and statistical models.