Friday, August 5, 2011

Unemployment rate in Saskatchewan unchanged, lowest in Canada

No change in unemployment rate in Saskatchewan, remains lowest in Canada.
No change in unemployment rate in Saskatchewan, remains lowest in Canada.
Photo Credit: -, Global News
Saskatchewan’s unemployment rate remained steady in July as the province continues to lead Canada with the lowest unemployment rate in Canada.
New numbers released by Stats Canada on Friday has the unemployment rate in the province at 4.9 per cent for July 2011, unchanged from June and down 0.2 per cent from the same time last year. The number of unemployed people actually rose to 27,100, an increase of 300 from June.
Employment in the province also increased in July, with 1,600 more people working than in the previous month. Full-time employment increased by 4,500 while there were 2,900 less people working part-time.
Saskatoon’s unemployment rate dropped 0.1 per cent from the previous month to 5.4 per cent, the fourth lowest in the country for a major centre. Regina held steady at 5.2 per cent, the second lowest in Canada.
"Today's numbers show that Saskatchewan's economy remains strong and steady despite the economic uncertainty south of the border and in other parts of the world," Advanced Education, Employment and Immigration Minister Rob Norris said.
While the opposition NDP was happy to see an increase in jobs, NDP Critic for Education, Employment and Immigration Cam Broten was concerned about the number of unemployed people.
“Clearly, the overall picture released by Statistics Canada this morning is not entirely a pretty one,” Broten said. “With nearly 30,000 people looking for work and with significant job losses in key regions and sectors, there is certainly cause for concern in the latest statistics.”
However, Norris remains optimistic about the future, pointing to job opportunities all across the province and continued growth in the economy.
“Seven major economic forecasters place Saskatchewan's real GDP growth rate at 3.7 per cent in 2011, second highest in Canada."
The unemployment rate in Canada for July was 7.2 per cent.