Saskatchewan achieves countries lowest unemployment rate

Saskatchewan saw its unemployment decrease to now lead the nation, while the country saw its jobless rate increase.

According to the latest Statistics Canada Labour Force Survey released, the province added 19,300 new jobs in October 2023 while also seeing its unemployment rate decrease to 4.4 per cent as of October 2023, marking the lowest rate in the nation. This achievement outshines the national average of 5.7 per cent when seasonally adjusted.

Minister of Immigration and Career Training Jeremy Harrison celebrated the new job numbers.

“The lowest-in-the-nation unemployment rate and remarkable job growth figures reflect a thriving economy and a growing province,” he said. “Our government continues to build and protect our economy, working with our partners to create more opportunities for Saskatchewan residents, newcomers, and businesses.”

The data for October 2023 revealed several historical highs for the province’s employment, including Saskatchewan, seeing its total employment reach 605,300, with female work in the province hitting a record 280,900.

The survey also showed continued growth in the province’s two major cities, Regina and Saskatoon. Regina’s employment increased by 10,600 jobs, marking a substantial 7.6 per cent growth compared to the previous October. Saskatoon also saw an increase of 8,500 jobs, a growth rate of 4.4 per cent.

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