Thinking of living or working in Canada under a Canada work permit or securing Canadian permanent residence? The timing could not be more opportune.
Unemployment rate in the Saskatchewan province of Canada reached a historic low of 3.3% (seasonally adjusted) in July. The provincial government says this is the lowest unemployment rate on record for Saskatchewan since 1976 when Statistics Canada started recording employment data.
The previous all-time low figure for Saskatchewan’s unemployment was 3.4% in April 2014.
“Saskatchewan’s rate of unemployment is now lower than every other province in the nation, and 49 of 50 American states. Only North Dakota has a lower unemployment rate at 2.7%,” said Agriculture Minister Lyle Stewart on behalf of Associate Minister of the Economy Jeremy Harrison.
The province also recorded other all-time high figures for full-time employment (488,100), male employment (315,100) and overall population (843,600). As per monthly records, employment stood at 570,200, with labour force totalling 591,600. Female employment was recorded at 255,100.
There was an increase of 6,100 people working in the province compared to last year. The employment growth rate of 1.1% in Saskatchewan was the second highest among provinces and above the national average of 0.6%.
“What these job numbers say to me is that our economy is on track. People who can work are finding skilled, good-paying, meaningful employment in communities across our province and that is great news,” said Stewart.
- Full-time employment increased by 9,900.
- Saskatchewan’s employment increased by 500 from last month. Growth rate was at 0.1%, ranking it at number four among provinces.
- Youth unemployment rate (seasonally adjusted) was 6.6%, lowest among the provinces, and below the national rate of 13.2%.
- After seasonal adjustments, Regina’s unemployment rate was recorded at 3.4%, down from 3.6% last month and from 3.6% a year ago. Saskatoon’s unemployment rate was at 3.6%, down from 3.8% in June this year and from 4% a year back. Among all Census Metropolitan Areas, Regina had the lowest unemployment rate, and Saskatoon the second lowest.
- On a year-over-year basis, construction had the largest number of job gains (6,000) among 16 major industries and showed a 12% increase from a year ago. This is six consecutive months of year-over-year gains. Educational services (3,200) and agriculture (3,100) ranked second and third for the largest employment gains.