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Twenty Straight Months of Lowest Unemployment Rate in Canada

Released on September 5, 2014

Saskatchewan’s unemployment rate has been the lowest in Canada for 20 consecutive months.  According to new labour force data released today for August 2014, the unemployment rate was 4.2 per cent (seasonally adjusted).  Nationally, the unemployment rate was 7.0 per cent in August.

Saskatchewan’s labour force reached 604,100; a historical high in the province.  The increase in the unemployment rate can be attributed to strong labour force growth, which saw 6,100 new workers (seasonally adjusted) added to the province’s labour force in August.  

Full-time employment also increased by 11,600 over August 2013, reaching 489,400; another historical high in the province. 

“Having the lowest unemployment rate in the country for 20 consecutive months is exciting,” Minister responsible for Immigration, Jobs, Skills and Training Jeremy Harrison said.  “Our labour market is also growing meaning there are more full-time jobs demonstrating continued strong economic opportunities in Saskatchewan.”

Since August 2013, 7,500 new jobs have been created, for a growth rate of 1.3 per cent, the second highest among all provinces. 

“We continue to see steady progress and positive results, a reflection of the hard work of the men, women and businesses in Saskatchewan,” Harrison said. 

Other highlights:

  • Employment reached 572,400, an all-time high for the month of August (33 months of consecutive increases).
  • The unemployment rate for youth (seasonally adjusted) was 8.9 per cent, the lowest among all provinces and well below the national average of 13.4 per cent.
  • Regina’s unemployment rate (seasonally adjusted) remains the lowest of all major Canadian cities at 3.1 per cent and Saskatoon’s rate was the second lowest at 4.4 per cent.
  • Strong year-over-year employment growth in the goods-producing sector was due to strong gains in agriculture (up 4,700), construction (up 4,400), and forestry, fishing, mining, oil and gas (up 1,600).
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For more information, contact:

Amy Sletten
Economy
Regina
Phone: 306-787-8360
Email: amy.sletten@gov.sk.ca

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