Saturday August 30, 2014

Unemployment rates remains lowest in Canada


Saskatchewan continues to have the lowest unemployment rate in Canada for the 15th consecutive month. At 4.5 per cent (seasonally adjusted), the Saskatchewan rate was well below the national average of 6.9 per cent.

The Labour Force Survey released today by Statistics Canada also shows that the youth unemployment rate of 9.6 per cent (seasonally adjusted) is the lowest in the country and below the national rate of 13.6 per cent.

“Saskatchewan’s labour market remains strong, our unemployment rate remains low and we have plenty of hard working men and women taking advantage of the incredible opportunities,” Parks, Culture and Sport Minister Kevin Doherty said on behalf of Economy Minister Bill Boyd. “Today’s numbers are further proof that our economy remains strong.”

Employment reached a record high for the month of March with 522,000 people employed, and full-time employment a record high of 445,700. For 14 consecutive months, off-reserve Aboriginal employment has increased year-over-year, with 800 more people employed (1.9 per cent) in March 2014.

Since March 2009, construction jobs are up 41 per cent (13,500 new jobs); professional, scientific and technical jobs increased by 36 per cent (7,500 new jobs); and transportation and warehouse jobs grew by 17 per cent (4,100 new jobs).

“In last month’s budget, we committed new funding for post-secondary and skills training, and additional training seats that will help to engage more people in the Saskatchewan economy and continue bridging the gap between aboriginal and non-aboriginal people in the workforce,” Doherty said. “Job growth has increased year-over-year for 28 months in a row, our unemployment rates have remained low, and this is just the start of what looks like a great 2014 for Saskatchewan’s labour force.”



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