Saskatchewan REALTORS® Association

Saskatchewan Employment Trends

The unemployment rate in Saskatchewan was 4.9% as of February 2024, unchanged from the previous month. The unemployment rate stood 6.7% below the peak in June 2020 and is below the long-run average.

There were 100 fewer full-time jobs in February 2024 compared to a month earlier. A loss of 300 part-time positions led to a decrease of 400 total jobs in February.

Full-time employment was still down 100 jobs from the peak in January 2024.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.


Regina Employment Trends

The unemployment rate in Regina was 4.8% as of February 2024, unchanged from the previous month. The unemployment rate stood 7.1% below the peak in June 2020 and is below the long-run average.

There were 2,300 fewer full-time jobs in February 2024 compared to a month earlier. A gain of 2,300 part-time positions led to an unchanged number of total jobs in February.

Full-time employment was still down 4,300 jobs from the peak in December 2023.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

Saskatoon Employment Trends

The unemployment rate in Saskatoon was 5.2% as of February 2024, down 0.5% from the previous month. The unemployment rate stood 8.7% below the peak from June 2020 and is below the long-run average.

There were 1,600 more full-time jobs in February 2024 compared to a month earlier. A loss of 400 part-time positions led to an increase of 1,200 total jobs in February.

Full-time employment has recovered since reaching a bottom in December 2023 and now stands at a record high.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.


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