News

Saskatchewan Recovers Two-Thirds of Jobs Since the Pandemic Hit

SASKATCHEWAN

Saskatchewan’s Recovery is Strongest in all of Canada

In August, Saskatchewan added 4,700 jobs, bringing the unemployment rate to 7.9 per cent – the lowest in all of Canada by a wide margin. The province has recovered 66.2 per cent of jobs that were loss before the lockdown (February).

Full-time employment made up just over a quarter of August’s recovery, with 1,200 full-time jobs regained, while part-time employment accounted for the remaining with 3,500 jobs recovered.

Employment by Industry

Services-related sectors saw a net increase of 3,500 jobs recovered. The majority of gains were in professional, scientific, and technical services; transportation and warehousing; educational services; wholesale and retail trade; and health care and social assistance.  

Comparatively, the gains were offset by losses in information, culture, and recreation; finance, insurance, real estate, rental and leasing; and public administration.

Goods-producing-related sectors saw a net increase of 1,200 jobs recovered, in which, construction; manufacturing; utilities; and forestry, fishing, mining, quarrying, oil and gas rose.  Whereas, another round of losses were seen in agriculture.

SASKATOON REGION (CMA)

The Saskatoon Region posted another strong gain with 5,400 jobs recovered, bringing the unemployment rate to 10.8 per cent, offsetting the impact experienced elsewhere in the province.

While this is great news for the Region, when compared to the province, the Region has yet to recover 50 per cent of its pre-COVID level – a clear indication of the impact experienced by CMAs and the amount of effort that is still required to recover.

SOURCES

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410029402
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410028703
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410035501

Tyler Nguyen

Specialist, Economic Intelligence
(306) 664-0724