Saskatchewan is booming, with 19,800 jobs added year-over-year in March, boasting a 3.4% job growth rate, the highest in Canada. The province's unemployment rate is impressively low at 4.9%, significantly below the national average of 6.7%. Deputy Premier Jim Reiter attributes this success to the government's decision to make Saskatchewan the first carbon tax-free province, creating a favourable business environment ¹.
Key Highlights of Saskatchewan's Labour Market:
– Record-High Female Employment: Female employment has reached an all-time high of 287,000, with an increase of 11,300 (4.1%).
– Full-Time Employment Growth: Full-time employment rose by 5,400 (1.1%).
– Male Employment Increase: Male employment grew by 8,400 (2.7%).
City-Level Growth:
– Saskatoon: Employment up 4,800 (2.5%).
– Regina: Employment up 3,500 (2.5%).
Industry-Specific Growth:
– Construction: Up 8,700 (24.2%).
– Health Care and Social Assistance: Up 8,100 (8.8%).
– Educational Services: Up 4,900 (8.7%).
Economic Growth in Other Areas:
– New Motor Vehicle Sales: Ranked first in Canada with 17.3% growth.
– Retail Sales: Ranked second with 11.5% growth.
– Urban Housing Starts: Second-highest growth rate with 51.5%.
The Government of Saskatchewan's strategies, including the Labour Market Strategy and Investment Attraction Strategy, aim to support the province's strong economy and attract private capital investment