Saskatchewan Continues to Have Lowest Unemployment Rate in Canada
Written by Shanna Empey on Monday, 08 June 2015
New job numbers released by Statistics Canada show that Saskatchewan continues to claim the title of the lowest unemployment rates in the country.
Saskatchewan recorded the lowest unemployment rate in Canada for May 2015 at 4.9 per cent, while nationally the rate posted is 6.8 per cent. For Swift Current and Moose Jaw areas, the unemployment rate is 5 per cent.
Full time employment was up 5500 jobs, with is the a record high for the month, and Immigration, Jobs, Skills and Training Minister, Jeremy Harrison, says the labour market remains strong and diversified in the province.
“We have seen our overall population increase significantly over the course of the last seven or eight years, and we’ve seen our job creation keep pace with that increase in employment and it’s not even driving that increase in employment. Other good sign this month too, of the 4800 jobs created, all were full time positions,” he explained. “This means people are able to take advantage of the strong economy to find good employment. We’ve seen our average weekly earnings again one of the very highest in Canada, meaning the people are getting paid well for the work that they’re doing.”
Major year-over-year gains were reported in the education, accommodation and food services sectors, with health care and social assistance reporting the highest rate at 5400.
“We have seen increases in a number of sectors – education, healthcare, that’s been an increase,” he said. “We know we’ve had challenges in certain sectors in the natural resource end of things, but what it does show is that even though we are having challenges in certain sectors, other areas of the economy are continuing to create jobs, which mean that there are opportunities for folks right across the province.”
“We’re going to continue to work hard at this, and this is largely due to the great work that Saskatchewan people, employers, employees have done over the last number of years, but as for government, we see it as being incumbent on us to create the situation where jobs can be created,” added Harrison. “That means making sure we have a minimum of red tape – making sure our taxes are low, making sure that the regulatory burden is as reasonable as possible that people aren’t bogged down doing paperwork constantly and repeatedly, and making sure that we have mechanisms in place so that business owners can focus on their business rather than on government regulation. We are going to continue to work at that and work with the business sector and others involved in the economy to make sure that they have those opportunities.”
Other highlights saw youth unemployment at 9.7 per cent, which is the lowest among the provinces and below the national rate of 13.2 per cent.
via Local News http://ift.tt/1QjRIQ2