According to Statistics Canada, the manufacturing sector is expected to experience a moderate decline in employment rates by 2024, with a projected loss of 1.3% in jobs.
The Conference Board of Canada forecasts that the manufacturing sector will see a slight increase in employment by 2024, driven by growth in the aerospace and automotive industries.
Employment and Social Development Canada projects that the manufacturing sector will require over 170,000 new workers by 2024 to replace retiring workers and fill new positions.
Canadian Manufacturers & Exporters predicts that provinces such as Ontario and Quebec will experience the largest gains in manufacturing employment by 2024, while others like Alberta will see declines.
TD Economics forecasts that the Canadian manufacturing sector will see a shift towards more high-skilled jobs by 2024, with a greater emphasis on technology and innovation.
Researchers at McGill University's Desautels Faculty of Management predict that the manufacturing sector will need to adapt to changing technologies and workforce demographics by 2024 to remain competitive.
The Canadian Plastics Industry Association forecasts that the plastics manufacturing sector will experience steady employment growth by 2024, driven by increasing demand for sustainable and innovative products.
A report by Mondaq outlines the key factors influencing employment projections in Canada's manufacturing sector by 2024, including trade policies, technological advancements, and shifting consumer demand.