Michael Kinar

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Saskatchewan Boasts Lowest Unemployment/Greatest Rate of Economic Growth

The economy in Saskatchewan is the envy of the rest of the country with the lowest unemployment rate and the greatest rate of economic growth.

Statistics Canada’s unemployment number for the province came in as the lowest in Canada. The province added 5,400 jobs in August, further pushing the unemployment rate down to 4.8 percent.   That is nearly half the national rate of 8.1 percent.

The last two months have greatly changed what’s expected from economic growth in Saskatchewan.   Since June, RBC has revised the provincial outlook to a projected growth rate of 6.3 percent - that’s up significantly from the previous 3.8 percent.

An incredible recovery in the potash sector is pushing that number higher.   Recent data also suggests positive growth has returned to manufacturing and trade, putting Saskatchewan as the leader of economic growth in Canada.

 

Reference: Natalie Geddes, 2010, Rawlco Radio, September 10, 2010, http://www.newstalk980.com/story/20100910/40063

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