With coronavirus cases rising significantly in November, Saskatchewan implemented further restrictions to limit the spread of the virus. As a result, job growth slowed for both the local and provincial economy.
The Saskatoon CMA economy lost 300 jobs in November 2020. Labour market recovery dropped to 69.5% of jobs that were lost during March and April, from 74.4% in October. The unemployment rate trended lower to 7.8%, from 8.1% in October, as a result of 1,000 people leaving the labour force in November.
Saskatchewan’s economy lost 2,800 jobs in November. Although 600 people entered the labour force, 3,500 more became unemployed, raising the unemployment rate to 6.9%. This was an increase from 6.4% in October.
Full-time employment rose by 1,500 while part-time employment dropped 4,200. Overall, employment in accommodation and food services; health care and social assistance; and professional, scientific and technical services rose slightly. Employment in manufacturing, wholesale and retail trade, educational services, and culture and recreation fell.
A slowdown in the economy has been widely expected while COVID cases continue to surge. According to Statistics Canada’s November 2020 Labour Force Survey, temporary layoffs remain high in industries such as retail and wholesale trade and manufacturing.