Growing Recovery
After regaining 600 jobs in May, Saskatchewan’s economy continued to recover this past month as more businesses re-opened across the province. With 30,300 jobs added back to the economy in June, the unemployment rate shrank from its high of 12.5% in May to 11.6%.
Full-time employment made up two-thirds of the recovery, with more than 20,000 full-time jobs added back, while part-time employment accounted for the remaining 10,000 jobs regained.
Re-entering the Labour Force
The continued easing of pandemic restrictions allowed more businesses to re-open, resulting in 28,200 more people re-entering the labour force market in June. This suggests a good start to the province’s economic recovery, as Saskatchewan accounted for more than 214,000 applications to the Canada Emergency Response Benefit (CERB) as of June 28.
Employment by Industry
Services-related sectors were responsible for majority of the June increase, with 26,100 jobs added back to the economy.
The majority of gains were seen in wholesale and retail trade (+5,900); health care and social assistance (+4,800); transportation and warehousing (+3,900) and information, culture and recreation (+2,800).
Goods-producing-related sectors saw the recovery of 4,200 jobs, with the majority of gains in construction (+3,100); forestry, fishing, mining, quarrying, oil and gas (+1,300); manufacturing (+400) and utilities (+400). Unfortunately, the agriculture sector lost 1,100 jobs.
Saskatoon Region
The Saskatoon Region (CMA) lost another 5,000 jobs in June, causing the unemployment rate to rise to 14.1%, up from 12.4% in May. The Region also saw another 1,900 people leave the labour force market, despite the increase in those re-entering the labour market across the province.
SOURCES
