According to Statistics Canada, the manufacturing industry is expected to experience moderate job growth in 2024, driven by increases in production and exports. Employment in the sector is forecast to rise by 2.5%.
The Conference Board of Canada predicts that the manufacturing sector will create over 10,000 new jobs in 2024, with the greatest growth expected in the food and beverage, and transportation equipment industries.
A Bloomberg report suggests that Canada's manufacturing industry will experience steady job growth in 2024, driven by a rebound in the energy and automotive sectors. However, labor shortages and supply chain disruptions may pose challenges.
Deloitte's 2024 manufacturing industry outlook report highlights the need for Canadian manufacturers to invest in digital technologies and upskill their workforce to remain competitive. The report forecasts job growth in areas such as robotics and automation.
TD Economics predicts that the Canadian manufacturing sector will experience job growth of 1.8% in 2024, driven by a strong US economy and a lower Canadian dollar. However, the forecast notes that trade tensions and labor market constraints may impact growth.
Trading Economics provides historical data and forecasts for Canada's manufacturing industry employment. The forecast suggests that employment in the sector will rise by 2.2% in 2024, driven by growth in the aerospace and automotive industries.
Canadian Manufacturers & Exporters (CME) predicts that the manufacturing sector will experience moderate job growth in 2024, driven by increases in exports and investments in new technologies. The outlook highlights the need for manufacturers to address labor shortages and skills gaps.
A research paper from Monash University analyzes the Canadian manufacturing industry job market and forecasts growth in areas such as advanced manufacturing and clean technology. The paper highlights the need for policymakers to support workforce development and innovation in the sector.