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Jobless rate plunges to 4.7%

The unemployment rate in Saskatchewan has fallen to 4.7 per cent, the second lowest in Canada, with an increase in both full- and part-time jobs as of the end of October, compared with a year earlier.

The unemployment rate in Saskatchewan has fallen to 4.7 per cent, the second lowest in Canada, with an increase in both full- and part-time jobs as of the end of October, compared with a year earlier.

Statistics Canada reports that the province now has 576,300 people working, up nearly 16,000 from a year earlier.

As a comparison, the unemployment rate in Alberta is 4.4 per cent, the lowest in Canada. The rate in Manitoba is 5 per cent, while it is 7 per cent in British Columbia.

The national unemployment rate is 7.4 per cent.


from Western Investor December 2012