Slowing Labour Recovery
Employment in Saskatchewan is moving closer to pre-COVID levels, with 44,200 jobs recovered of the 52,900 lost since the start of the pandemic. Saskatchewan’s labour market rebound appears to be slowing down, though. 13,300 jobs were regained in the province in July compared to the 30,300 recovered in June.
Full-time employment made up almost 80% of July’s recovery, with 10,500 full-time jobs regained, while part-time employment accounted for the remaining 2,700 jobs recovered.
Lower Provincial Unemployment
The provincial unemployment rate has continued to trend lower from its record high of 12.5% in May, reaching 8.8% in July. The labour force also fell by 3,900 as fewer people looked for work.
Employment by Industry
Once again, services-related sectors were responsible for the majority of July’s increase, with 11,100 jobs regained. The majority of gains were in educational services (+4,200); information, culture and recreation (+2,900); accommodation and food services (+2,400) and finance, insurance, real estate, rental and leasing (+1,300). Services-related sectors including transportation and warehousing (-2,000) and professional, scientific and technical services (-1,600) experienced a decline in employment.
Goods-producing-related sectors saw an increase of 2,200 jobs, the majority of which were in manufacturing (+1,500); forestry, fishing, mining, quarrying, oil and gas (+1,500); construction (+200) and utilities (+100). Alongside these gains, 1,100 jobs were lost in agriculture.
Saskatoon Region (CMA)
The Saskatoon CMA saw its first signs of post-lockdown recovery in July, with 5,200 jobs regained. The unemployment rate dropped from its record level of 14.1% in June to 12.7% in July, and the labour force market rose by 2,900 as more people began to look for work.