Sask. feeling labour pinch – Lower employment growth a result of lack of workers not jobs | Prosperity Saskatchewan
Sask. feeling labour pinch
Lower employment growth a result of lack of workers
Reported by Bryn Levy
Nov 14, 2013 1:40 pm
An economist with the Conference Board of Canada is expecting some of the worst employment growth Saskatchewan has seen in almost a decade.
Mario Lefevbre admitted his prediction of one per cent employment growth for 2014 might seem off for a province where almost any indicator has pointed to nothing but good times in recent years.
“It’s true, it looks wrong — particularly when it follows years of three and four and five and six per cent (employment) growth,” he said.
But Lefevbre said there’s a simple reason for the lower number.
“Jobs are being created. There are jobs. But there are no people to fill them,” he said during an appearance on John Gormley Live Thursday.
Lefevbre said the labour market is so tight that the province is effectively running at what most economists would consider full employment. He added that while rapid migration into the province from other parts of the country is continuing, it’s still not enough to keep up with the pace of growth.