There were 1,300 more jobs in Saskatchewan last month compared to May 2016, according to Statistics Canada data released today. Compared to last month, there were 2,100 more people working in the province (seasonally adjusted).
The seasonally adjusted unemployment rate in May was 6.3 percent in Saskatchewan, the fourth lowest among the provinces. The national unemployment rate for May was 6.6 percent.
“Our economy continues to create jobs,” Economy Minister Jeremy Harrison said. “Over the past four months, we have seen positive job growth in the province. While our labour market is showing strength and resilience, other economic indicators demonstrate momentum such as wholesale trade, urban housing starts, manufacturing sales, merchandise exports and retail sales. A recent forecast by the Conference Board of Canada suggests our economy this year will have one of the highest growth rates in the country, in part due to our economy’s diversification.”
Other May 2017 highlights include:
Employment in wholesale and retail trade up 5,500; manufacturing up 3,800; and business, building and other support services up 2,900.
Regina’s employment was up 1,700 (+1.2 percent), and Saskatoon’s employment was up 1,900 (+1.2 percent) compared to last May.
Off-reserve Aboriginal employment was up 3,200 (+7.3 percent) for 11 consecutive months of year-over-year increases.
Youth seasonally adjusted unemployment rate was 10.7 percent, third lowest among the provinces and below the national rate of 12.0 percent.
Source: MAY JOB GROWTH | News and Media | Government of Saskatchewan
On a year-over-year basis, Saskatchewan’s average weekly earnings saw a 2.6 percent increase in March 2017 (seasonally adjusted), the second highest among Canada’s provinces, according to new figures released by Statistics Canada today.
The province’s average weekly earnings grew by 1.1 percent, compared to the previous month, above the national increase of 0.2 percent and also the second highest increase among the provinces.
“Saskatchewan’s strong and resilient economy is producing increased wages in the province,” Economy Minister Jeremy Harrison said. “This is in contrast to Alberta where weekly earnings actually declined by 0.8 percent year-over-year.”
Average weekly earnings were $1,008.48 in Saskatchewan, the third highest among provinces, an increase of $25.45 from March 2016. With inflation factored in, Saskatchewan’s real wage increased by 2.0 per cent year-over-year, reflecting the highest growth in real wages among Canada’s provinces.
Nationally, the real wage (with inflation factored in) declined by 0.7 percent.
Source: SECOND HIGHEST WEEKLY EARNINGS GROWTH AMONG CANADA’S PROVINCES | News and Media | Government of Saskatchewan
April’s labour force statistics were released by Stats Canada last week, once again they shine favourably on the southwest region of the province.
Saskatchewan’s southwest part of the province which includes the City of Swift Current and the City of Moose Jaw has been recognized as the second lowest unemployment rate region in Canada (To read more click the “Source” link below).
Source: Southwest region continues trend of low unemployment numbers – SwiftCurrentOnline.com