You are viewing a free preview of TrendLine Saskatchewan. For full access
Subscribe Now

TrendLine Saskatchewan

 

TrendLine Saskatchewan - January 2022

Year-to-date employment continued to recover in December 2021, recovering 53% of job loss experienced in 2020

Stephen Johnson

MA
Chief Economist

December 2021 saw average year-to-date employment up by 2.6% or 14,100 positions over the same period in 2020, erasing 53% of the 26,800 job loss experienced in 2020. It should be noted that 2021 year-to-date employment still remains well behind 2019 levels. 

Despite soft employment growth, all other major indicators were up, led by total exports (up 24.5%) with strong advances in agricultural, energy products, and mineral products; manufacturing shipments (up 42.7% and led by food and machinery); and housing starts (up 33.8%) fueled by low interest rates and higher than expected savings. 

In addition, the consumer remained steadfast in the marketplace with retail sales, restaurant receipts and new motor vehicle sales up over the same period last year. Areas of concern remained in slow population growth, a majority of employment growth being in part-time employment, wage increases below the rate of inflation, and inflationary pressures at the national level leading to higher borrowing costs as 2022 advances.

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Employment

2.6%

December 2021 YTD

Employment

2.6%

December 2021 YTD

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Available Downloads


This Issue's Economist:

Stephen Johnson

MA
Chief Economist

This Issue's Editor:

Kauron Cooper

BBA
Consulting Projects Manager


TrendLine Saskatchewan is published monthly by Praxis Consulting.