REGINA — According to the Statistics Canada Labour Force Survey, Saskatchewan's strong and resilient economy continues to grow, with 19,300 new jobs added when compared to October 2022.
Saskatchewan's unemployment rate fell to 4.4 per cent as of October 2023, the lowest in Canada, and well below the national average of 5.7 per cent (seasonally adjusted).
October 2023 saw all-time historical highs (aged 15 and over), with:
- Saskatchewan’s population reaching 932,400;
- Saskatchewan employment reaching 605,300;
- Saskatchewan female employment reaching 280,900;
- and Off-reserve Indigenous population reaching 111,900.
The province’s seasonally adjusted employment increased by 9,100 jobs from the previous month at a rate of 1.5 per cent, second highest among provinces, tied with Alberta.
Both of Saskatchewan’s major cities saw job growth compared to last October as well, with Regina’s employment up 10,600, an increase of 7.6 per cent, and Saskatoon’s employment up 8,500, an increase of 4.4 per cent.
Major industry year-over-year gains were reported for:
- Educational services, up 9,600, an increase of 19.4 per cent;
- Professional, scientific and technical services, up 6,500, an increase of 21.2 per cent; and
- Wholesale and retail trade, up 6,300, an increase of 6.6 per cent.
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