Q2 2024 Labour Force Analysis

SREDA’s Quarterly Labour Force Analysis series highlights current trends and insights into the labour market dynamics within the Saskatoon Region. This analysis delves into vital indicators including labour force participation, industry-specific employment growth, unemployment rates, and wage trends.

In analyzing the Q2 2024 data, several key takeaways are seen:

1. Labour force characteristics in the Saskatoon Region remain largely unchanged, continuing to drive participation rate in Saskatchewan, while unemployment remains stable.
2. The Saskatoon Region continues to show robust employment growth, although it faces specific opportunities and challenges that affect different sectors unevenly.
3. Wage growth in Saskatchewan continues to lag behind the rest of Canada, highlighting the province’s lower cost of living.

In this analysis you will find the latest labour force statistics, gain valuable insights, and navigate the intricacies of the Saskatoon Region’s dynamic economy.