Statistics Canada has released data indicating substantial and steady growth in Saskatchewan’s economy, with 14,400 new jobs created in the past year. June of last year saw an addition of 7,300 full-time and 7,100 part-time positions. Furthermore, the province experienced record highs in employment (619,100 jobs) and labor force (651,100) for the second consecutive month.Statistics Canada has released data indicating substantial and steady growth in Saskatchewan’s economy, with 14,400 new jobs created in the past year. June of last year saw an addition of 7,300 full-time and 7,100 part-time positions. Furthermore, the province experienced record highs in employment (619,100 jobs) and labor force (651,100) for the second consecutive month. Jeremy Harrison, Minister of Immigration and Training, remarked, “Saskatchewan is expanding at its fastest rate in over a century, with the province boasting the highest population and employment levels in its history. Investments in Saskatchewan are driving unprecedented economic growth and job creation, enabling us to take steps to maintain affordability while making record investments in healthcare, education, and our communities.” In June, the provincial unemployment rate dropped to 5.5 percent, ranking as the third-lowest among Canadian provinces and significantly below the national average of 6.4 percent. A record-breaking 950,100 residents (15 years and older) were recorded in Saskatchewan, along with 113,600 Indigenous residents (15 years and older) living off-reserve. Significant annual increases were noted in specific sectors: education services (+4,600, up 8.9 percent); accommodation and food services (+3,300, up 10.2 percent); and professional, scientific, and technical services (+3,300, up 9.3 percent). Employment growth continued in Saskatchewan’s major cities: Regina added 5,000 jobs (up 3.4 percent), and Saskatoon gained 5,400 jobs (up 2.7 percent), compared to June last year. Complementing this growth, retail sales in the province increased by 8.5 percent to $2.2 billion in April 2024 (seasonally adjusted), compared to March 2024. The province also witnessed month-over-month growth in construction investment, rising 9.7 percent to $439 million in April 2024. Construction investment exhibited the highest year-over-year growth among provinces, while retail sales recorded the highest month-over-month growth among provinces.
Statistics Canada released today show strong and steady growth in Saskatchewan’s economy, with 14,400 new jobs added year-over-year. 7,300 full-time jobs and 7,100 part-time jobs were added in June of last year. In addition, historic highs in employment (619,100 jobs) and labour force (651,100) were reached for the second consecutive month.
“Saskatchewan is growing at its fastest pace in more than a century, with more people living and working in the province than ever before,” said Immigration and Training Minister Jeremy Harrison. “Investments in Saskatchewan are fueling historic economic growth and job creation, allowing us to take action to keep life affordable in Saskatchewan while making record investments in health care, education and our communities.”
The provincial unemployment rate fell to 5.5 percent in June, the third lowest rate among the provinces and well below the national average of 6.4 percent.
Saskatchewan had a historic high of 950,100 residents (15 years and older) and a historic high of 113,600 Indigenous residents (15 years and older) off-reserve.
Large year-on-year increases were reported in education services, with an increase of 4,600, up 8.9 percent; accommodation and food services, with an increase of 3,300, up 10.2 percent; and professional, scientific and technical services, with an increase of 3,300, up 9.3 percent.
In Saskatchewan’s major cities, employment continues to grow. Regina added 5,000 jobs, up 3.4 percent, and Saskatoon added 5,400 jobs, up 2.7 percent, compared to June last year.
Building on this growth, retail sales in the province increased 8.5 percent to $2.2 billion in April 2024 (seasonally adjusted), compared to March 2024. The province also saw month-over-month growth in construction investment, up 9.7 percent to $439 million in April 2024. Construction investment was the highest year-over-year growth among provinces, while retail sales was the highest month-over-month growth among provinces.
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