Saskatchewan’s unemployment rate of 5.6 per cent last month was the lowest of any Canadian province.
According to figures released on Friday by Statistics Canada, Saskatchewan’s November unemployment rate, which dropped from six per cent in October, was slightly ahead of British Columbia’s 5.7 per cent and Manitoba’s 5.8 per cent. At the top of the list were Newfoundland and Labrador with 10.1 per cent unemployment, and Prince Edward Island with 10 per cent.
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Nationally, Canada’s unemployment rate rose from 6.5 per cent in October to 6.8 per cent in November, reaching its highest level since January 2017, with the exception of the COVID-19 pandemic when many businesses were ordered to close their doors.
“Saskatchewan’s economy remains strong, with 8,400 jobs added and the lowest unemployment rate in Canada,” Jim Reiter, Saskatchewan’s deputy premier, said in a statement.
“Opportunities provided by our growing economy and measures passed to ensure that the province remains the most affordable place to live, work and raise a family in Canada.”
The provincial government said the province has seen full-time employment increase by 5,900 over the past year, representing an increase of 1.2 per cent.
According to the figures released Friday, Regina’s unemployment rate was 5.7 per cent in November, down from 6 per cent the previous month. Saskatoon’s rate was sitting at 5.2 per cent last month, down from 5.4 in October.
The provincial government said Saskatoon is seeing “major year-over-year growth” in several areas.
“Compared to November 2023, Saskatoon’s employment was up 10,500 an increase of 5.2 per cent,” the provincial government noted. “Saskatoon’s employment growth is ranked sixth among 35 census metropolitan areas.”
–with files from The Canadian Press