A Decade of Job Growth and Strong Growth in December
December’s job numbers show Saskatchewan had the second highest percentage employment growth rate among the provinces between 2007 and 2017 and added 5,000 jobs in December, starting the year from a position of strength.
There have been 62,700 jobs created over the last decade in Saskatchewan, a 12.4 per cent increase, well above the national rate of 9.8 per cent.
Among the provinces, Saskatchewan had the fifth lowest annual average unemployment rate in 2017 at 6.3 per cent. Nationally, the annual average unemployment rate was 6.3 per cent.
There was an average of 567,600 people employed in 2017, 900 fewer than in 2016.
“There are more than 60,000 more jobs today in Saskatchewan than there were 10 years ago,” Premier Brad Wall said. “This has been a period of exceptional growth for our province, driven by businesses large and small. Thanks to their efforts, there are more opportunities for Saskatchewan people to build a career and contribute to our community. With our population continuing to grow, we are beginning a second decade of growth. For Saskatchewan, the best is yet to come.”
Other 2017 highlights include:
- Major year-over-year gains were reported for trade, up 3,800; manufacturing, up 2,300; and professional, scientific and technical services, up 2,100 compared to 2016.
- Youth unemployment rate was 11.8 per cent, fourth lowest among the provinces.
On a month-over-month basis, there was an increase of 5,000 jobs (seasonally adjusted) between November 2017 and December 2017. December 2017’s unemployment rate was 6.4 per cent, down from 6.6 per cent in December 2016.