Lowest Unemployment Rate Ever Recorded in Saskatchewan

Released on August 8, 2014

The province recorded a number of other all-time highs for working age population (843,600), full-time employment (488,100) and male employment (315,100).  Monthly records included employment at 570,200, labour force totalling 591,600 and female employment at 255,100.

There were also 6,100 more people working in the province compared to a year ago.  Saskatchewan’s employment growth rate of 1.1 per cent was the second highest among provinces and above the national average of 0.6 per cent.

 
“What these job numbers say to me is that our economy is on track,” Stewart said.  “People who can work are finding skilled, good-paying, meaningful employment in communities across our province and that is great news.”
 
Other highlights:

• Full-time employment increased by 9,900.
• Youth unemployment rate (seasonally adjusted) was 6.6 per cent, lowest among the provinces, and below the national rate of 13.2 per cent.
• Saskatchewan’s employment increased 500 from the previous month with a growth rate of 0.1 per cent that ranked fourth among provinces. 
• On a seasonally adjusted basis, Regina's unemployment rate was 3.4 per cent, down from 3.6 per cent in June 2014 and down from 3.6 per cent a year ago. Saskatoon's unemployment rate was 3.6 per cent, down from 3.8 per cent in June 2014 and down from 4.0 per cent a year ago.  Saskatoon's unemployment rate was the second lowest, and Regina's unemployment rate was the lowest, among all Census Metropolitan Areas.
• Year-over-year, construction had the largest number of job gains (+6,000) among the 16 major industries, with 12 per cent growth from a year ago.  This is six consecutive months of year-over-year gains. Educational services (+3,200) and agriculture (+3,100) ranked 2nd and 3rd for the largest employment gains.