REGINA — According to the latest Statistics Canada Labour Force Survey released Friday, Saskatchewan employment reached an all-time high with 16,200 new jobs added year-over-year.
Saskatchewan’s unemployment rate also fell in May to 5.6 per cent, the third lowest in the nation and well below the national average of 6.2 per cent.
The province achieved several other record highs in May, including full-time employment (506,800) male employment (332,000), female employment (282,400), labour force (649,700), population (947,600), and off-reserve Indigenous population (113,400). 鈥�
Major sector gains were reported in professional, scientific and technical services, up 4,800 or 13.9 per cent, along with information, culture and recreation, which saw a gain of 4,000 or 20.9 per cent. Additionally, education services saw a gain of 3,700 or 7.3 per cent. 鈥�
Saskatchewan’s two major cities both saw all-time highs in employment for the month of May. Regina's year-over-year employment increased by 7,200 or 5.0 per cent and Saskatoon employment increased by 5,700 or 2.9 per cent. Province wide, there were 12,900 full time jobs, and 3,300 part time jobs added year over year. 鈥�
The province's exports for 2022 and 2023 combined reached $102 billion an increase of 52.2 per cent from the previous two-year period of 2020-2021. Additionally, Saskatchewan's Consumer Price Index (CPI) rose by only 1.0 per cent in April 2024 over April 2023, marking the second-lowest increase among the provinces.
