Released on September 5, 2003
Saskatchewan's latest job figures continue to show the fundamental strength of the province's economy, with numbers up for the 16th straight month year over year.Statistics Canada figures released today showed 499,300 working in August 2003 (seasonally unadjusted). That's the highest August on record for people working in Saskatchewan.
"Our job numbers reflect a diversified province that has momentum and a wide-open future," Industry and Resources Minister Eric Cline said. "Saskatchewan people should be pleased with these solid numbers, that are holding firm in spite of BSE and a lower than average harvest. Our strength in a variety of sectors is contributing to our success."
Full time employment was up 1,500 from the previous year, the 16th consecutive month full-time employment in Saskatchewan has increased.
Sectors showing increased job numbers in August included the resource industries (oil, gas, mining, forestry), transportation, retail and wholesale trade, and the service sector.
Non-agricultural employment increased by 8,200 in August compared to the previous year. Agricultural employment was down 5,100, reflecting some of the impacts of BSE along with a lower than average harvest.
Both retail and wholesale trade remain solid, with year-to-date retail sales up 5.1 per cent over the previous year and department store merchandise sales up 4.8 per cent. Urban housing starts are up 38 per cent over the corresponding period in 2002 and the oil and gas industry is on pace for a record year of drilling.
Cline noted a report released in August by RBC Financial Group pointed to Saskatchewan as one of the most affordable places in Canada to own a home. The report showed that for the period April-June, 2003 a typical Saskatchewan household spent 29 per cent of its income on property taxes, utility bills, mortgage payments and related costs. The national average was 31.3 per cent.
Cline said that in spite of encountering major difficulties in agriculture Saskatchewan continues to move ahead. "It's particularly encouraging to note continued strength in full time jobs. This is a great place to live. A great place to work. And a great place to do business. That's the bottom line."
At 6.1 per cent (seasonally unadjusted), Saskatchewan's August unemployment rate was the third lowest in the country and well below the 8.2 per cent national rate.
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For More Information, Contact:
| Bob Ellis Industry and Resources Regina Phone: (306) 787-8277 |