Sask. unemployment rate in July 2nd lowest in Canada, Statistics Canada says

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Data released from Statistics Canada showed Saskatchewan’s unemployment rate stood at 4.0 percent last month, the second-lowest among the provinces.

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According to a release, the unemployment rate in Saskatchewan dropped from 7.1 percent in July 2022 to 7.1 percent in July 2021 and was well below the national average of 4.9 percent.

StatScan said Saskatchewan added 24,400 jobs in July, a 4.4 percent increase compared to July 2021, the third-largest increase among the provinces. All growth was in full-time jobs.

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“Saskatchewan remains a national leader, with one of the lowest unemployment rates and the highest job growth in the country,” said Jeremy Harrison, Minister of Immigration and Career Training. “The low unemployment rate, coupled with the strong job creation numbers we have seen in the past year, will lead to further economic growth and prosperity that will benefit all residents of our province.”

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StatCan data also shows that off-reserve Indigenous employment in Saskatchewan stood at 8,700 jobs for 20 consecutive months of year-over-year growth. Indigenous youth employment also increased by 2,900 jobs for six consecutive months of year-on-year growth.

8,300 jobs increased in housing and food services; increased employment in health care and social assistance by 5,700; and 4,300 jobs increased in educational services, the release said.

The unemployment rate for youth aged 15 to 24 was 6.0 percent, the second lowest in the provinces and well below the national rate of 9.2 percent.

According to the release, “Several all-time employment records were affected in July 2022, including full-time employment, off-reserve indigenous employment and off-reserve indigenous full-time employment.”

In July 2022, Saskatchewan’s seasonally adjusted employment of 576,200 had recovered 100.4 percent from pre-COVID February 2020 employment levels.


Source: globalnews.ca

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