Saskatchewan continues to see significant growth in the job sector as the province currently sits at the second-lowest unemployment rate in the country.
Figures released by Statistics Canada last week indicate that Saskatchewan has added 9, 400 more jobs since February of 2022 and 2,600 more jobs since last month, an increase of 1.6 percent.
Immigration and Career Training Minister Jeremy Harrison stated in a press release that the province is on track to meeting its Growth Plan goal.
"Saskatchewan has now seen 23 months of continuous year-over-year job growth across many of our economic sectors, with thousands of new jobs created every month," he elaborated. "We are on track to meeting our Growth Plan goal of 100,000 new jobs by the end of the decade, and our government looks forward to fostering more opportunities, more investments, and more growth that works for everyone in our province."
Seasonally adjusted, Saskatchewan’s employment rate remained at 4.3 percent, the second lowest among the provinces, and below the national average of 5.0 percent.
February's unemployment rate is down from 4.6 percent in February 2022 and remains the same as last month.
Full-time employment increased by 8,000, an increase of 1.7 percent, and part-time employment increased by 1,400, which is up by 1. 3 percent.
Saskatchewan's private sector employment increased by 3,500, up 1.1 percent, while self-employed increased by 1,300, an increase of 1.6 percent.
Professional, scientific, and technical services saw significant year-over-year gains- up 5,000, an increase of 19.8 percent.
Health care and social assistance are up 3,300, an increase of 3.8 percent; accommodation and food services are up 2,900, an increase of 10.2 percent, and educational services are up 2,900, an increase of 5.7 percent.
Saskatchewan also saw multiple record-high labour statistics last month, including:
Saskatchewan Labour Force: 608,500
Saskatchewan Male Employment: 305,100
Saskatchewan Female Employment: 274,900
Off-reserve Indigenous Employment: 61,100
Off-reserve Indigenous employment was up 2,700 (+4.6 percent), which marks 27 back-to-back months of year-over-year increases.
Indigenous youth employment was up 1,800 (+20.9 percent) for three consecutive months of year-over-year increases.
In addition, Saskatchewan saw both an all-time historical population (aged 15 and over) high of 913,700, and an all-time historical off-reserve Indigenous population (aged 15 and over) high of 110,700.