Released on November 2, 2012
There are new employment numbers out today from Statistics Canada for the month of October 2012 which show another record month for Saskatchewan's labour force, employment and full-time employment.
Employment for October 2012 was 541,600, the highest on record for the month, and 12,500 more jobs than last October for the 11th month of year-over-year increases. Saskatchewan's percentage growth rate was 2.4 per cent, the second highest in the nation.
"Saskatchewan has been fortunate to have undergone significant growth on both an economic and employment front," Economy Minister Bill Boyd said. "It has improved the job opportunities available for people in our province, and makes us an attractive destination for those who are looking for new employment options from beyond our borders."
The seasonally adjusted unemployment rate in Saskatchewan for October was 4.7 per cent, the second lowest in Canada, and below the national unemployment rate of 7.4 per cent.
- Other highlights include:Full-time employment hit a record for October of 452,800, an increase of 16,100 from a year ago;
- The working-age population (15 and older) reached an all-time high of 815,100; and
- Regina had the lowest seasonally adjusted unemployment rate among major CMAs at 3.9 per cent.
"The record-setting job pace is good news, but we know that we can do better in the future," Boyd said. "The Saskatchewan Plan for Growth is laying out a solid foundation for long-term actions to target the areas that are vital to our ongoing success."
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306- 787-4765
Email: deb.young@gov.sk.ca