Saskatchewan’s Unemployment Rated Second Lowest Among Provinces

Syed Azam

The adjusted seasonal unemployment rate reached 4.8%; 5,600 New Jobs Created Year-Over-Year According to Statistics Canada’s April labor force data, Saskatchewan’s economy continued to expand strongly, adding 5,600 new jobs compared to April 2022. There was only full-time employment growth.

According to Immigration and Career Training Minister Jeremy Harrison, “Saskatchewan continues to impress with even more job growth in the face of national economic uncertainty, with 5,600 new jobs and the second lowest provincial unemployment rate.” Saskatchewan is proud of the story it has to tell about growth that works for everyone, with 25 months of consistent job growth, a 30% increase in merchandise and wholesale trade exports year to date, and a 50% increase in urban housing starts.

The seasonally adjusted unemployment rate in Saskatchewan dropped from 5.4 per year in April 2022 to 4.8% in April, placing it second among the provinces. The national average unemployment rate was 5.0%.

Indigenous employment off-reserve increased by 900, or 1.4%, marking 29 months of year-over-year increases. A record number of 63,800 Indigenous jobs were filled off-reserve in April.

When contrasted with April 2022, confidential area business expanded by 9,700, up 3.0 percent, with regular work expanding by 8,800, up 1.9 percent.

Significant year-over-year gains were accounted for:

  • Professional, scientific and technical services, up 5,900, an increase of 22.3 per cent;
  • Forestry, fishing, mining, oil and gas, up 2,600, an increase of 14.5 per cent; and
  • Health care and social assistance, up 2,400, an increase of 2.7 per cent.

Recently, Measurements Canada delivered the 2022 Genuine Total national output report, showing Saskatchewan with the most elevated increment among regions with a 5.7 percent bounce from 2021. Saskatchewan has additionally driven the country in a few other key financial pointers as of late. In February 2023, the territory saw expansions in discount exchange by more than 30% contrasted with February 2022, and stock products expanded by 9.0 percent in Walk 2023 over Walk 2022.

Related Articles

Back to top button