Southwest Saskatchewan\’s job market is shrinking but the percentage of people employed has grown. In June the region that encompasses Swift Current and Moose Jaw experienced a slight decrease in unemployment of 0.2 per cent when compared to June of…
Tag Archives: Unemployment Rate
Saskatchewan’s unemployment rate was 5.4 per cent (seasonally adjusted) in January – tied for the second lowest rate among the provinces and below the national rate of 5.9 per cent according to Statistics Canada.
There were 560,100 people employed, 1,500 more jobs compared to January 2017, including an increase of 4,900 full-time jobs.
Employment in Saskatchewan was up 1,100 from the previous month (0.2 per cent), the highest percentage increase among the provinces (seasonally adjusted). There were 6,200 full-time jobs created month-over-month.
“This is definitely a positive indicator that Saskatchewan’s economy is on the rebound,” Minister of Immigration and Career Training Jeremy Harrison said. “With our unemployment rate being second lowest in the nation and employment up, in addition to recent good news on building permits and urban housing starts, 2018 is looking to be a good year for our province.”
Major year-over-year gains were reported for accommodation and food services up 2,300; public administration up 2,000; business, building and other support services up 1,700.
December’s job numbers show Saskatchewan had the second highest percentage employment growth rate among the provinces between 2007 and 2017 and added 5,000 jobs in December, starting the year from a position of strength.
There have been 62,700 jobs created over the last decade in Saskatchewan, a 12.4 per cent increase, well above the national rate of 9.8 per cent.
Among the provinces, Saskatchewan had the fifth lowest annual average unemployment rate in 2017 at 6.3 per cent. Nationally, the annual average unemployment rate was 6.3 per cent.
There was an average of 567,600 people employed in 2017, 900 fewer than in 2016.
“There are more than 60,000 more jobs today in Saskatchewan than there were 10 years ago,” Premier Brad Wall said. “This has been a period of exceptional growth for our province, driven by businesses large and small. Thanks to their efforts, there are more opportunities for Saskatchewan people to build a career and contribute to our community. With our population continuing to grow, we are beginning a second decade of growth. For Saskatchewan, the best is yet to come.”
Other 2017 highlights include:
- Major year-over-year gains were reported for trade, up 3,800; manufacturing, up 2,300; and professional, scientific and technical services, up 2,100 compared to 2016.
- Youth unemployment rate was 11.8 per cent, fourth lowest among the provinces.
On a month-over-month basis, there was an increase of 5,000 jobs (seasonally adjusted) between November 2017 and December 2017. December 2017’s unemployment rate was 6.4 per cent, down from 6.6 per cent in December 2016.