Saskatchewan, April 2024 - Job market snapshot

Get a snapshot of key facts about the state of Saskatchewan's labour market in the past month.

 

In April, employment in Saskatchewan increased 1,100 (+0.2%) on the previous month, driven by gains in part-time employment (+1,100 or +1.1%), as full-time employment remained unchanged. The unemployment rate rose 0.3 percentage points to 5.7% but remained below the national average (6.1%). The labour force grew 0.5% (+3,100). On annual basis, employment was down 5,100 (-4.0%) in the goods-producing sector, led by declines in utilities (-28.6%) and agriculture (-11.6%). But employment was up 16,100 (+3.5%) in the services-producing sector with job gains led by Business, building and other support services (+27.8%), and transportation and warehousing (+15.0%). Private (+15,500 or +4.5%) and public (+4,100 or +2.6%) sector employment were up, while self-employment declined by 8,600 (-10.4%).

Saskatchewan's job market by the numbers

Working population

598,200

Up 0.2% since March

Unemployment rate

5.7%

Up 0.3 pts since March

Source: Statistics Canada - Table 14-10-0287-01 - Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months

Industries in focus

Forestry, fishing, mining, quarrying, oil and gas

Number of jobs increased 4.7%

March21,100

April22,100

Employment in Forestry, fishing, mining, quarrying, oil and gas increased 2.3% (+500) year-over-year in April. To maintain the economic momentum that the oil and gas industry has enjoyed at the start the year, the Government of Saskatchewan announced a new multi-lateral well drilling program. The program is expected to drill an additional 100 to 200 wells per year and increase oil production by 25%.

Manufacturing

Number of jobs decreased -0.9%

March32,900

April32,600

Employment in Manufacturing increased 6.2% (+1,900) year-over-year, but has decreased 0.9% (-300) since March 2024. The Saskatchewan Research Council (SRC) and Hung Thinh Group (HTG) are entering into a five-year agreement to import rare earth carbonate beginning June 2025. The supply of rare earth carbonate from HTG is estimated to allow SRC to process, separate, and produce about 400 tonnes of rare earth metals per year.

Transportation and warehousing

Number of jobs increased 0.3%

March29,800

April29,900

Compared to April 2023, employment in transportation and warehousing increased 15.0% (+3,900). The Government of Saskatchewan is providing $530,000 to support 13 short line railway projects throughout the province. The funding will support track upgrades, improved crossing surfaces and sightlines, bridge maintenance, and other projects.

Source: Statistics Canada - Table 14-10-0355-02 - Employment by industry, monthly, seasonally adjusted (x 1,000)

Unemployment rate by region

Prince Albert and Northern
5.4%
Regina–Moose Mountain
6.8%
Saskatoon–Biggar
5.3%
Swift Current–Moose Jaw
5.7%
Yorkton–Melville
6.3%

The unemployment rate was lowest in Saskatoon–Biggar and highest in Regina–Moose Mountain.

Source: Statistics Canada - Table 14-10-0387-01 - Labour force characteristics, three-month moving average, unadjusted for seasonality, last 5 months

A closer look at some regions

Regina–Moose Mountain

188,900 people employed

Up 4.2% since April 2023

Employment in the region grew 7,600 (+4.2%) since April 2023, the second largest regional growth. The 2024 construction season is set to begin in earnest. This year the City of Regina is providing $282 million to support a variety of construction projects focused on improving transportation, water, wastewater, drainage facilities, and parks and recreation. What else is happening in this region?

Swift Current–Moose Jaw

49,900 people employed

Down -5.3% since April 2023

The region had the highest increase in unemployment rate compared to April 2023, growing +1.7 percentage points to 5.7%. The provincial government and the Moose Jaw & District Chamber of Commerce are working to address the growing unemployment rate with a new effort to connect experienced jobseekers aged 55 and above with employers. Employers and employees can register online for the new pilot project which will facilitate the matching process based on employment skills and needs. What else is happening in this region?

Prince Albert and Northern

94,900 people employed

Down -3.6% since April 2023

The region recorded the second largest drop in year-over-year employment at -3.6% (-3,500) in April. Despite the loss, employers are still optimistic about the supply of skilled workers in the region. The Meadow Lake Tribal Council and Carbon Alpha are partnering to support the North Star Project in capturing and removing atmospheric carbon dioxide. The partnership is expected to start in 2027 and will create over 120 construction jobs and 12 permanent jobs. What else is happening in this region?

Last data refresh: 2024-06-12 23:00:42

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