Saskatchewan REALTORS® Association

Saskatchewan Employment Trends

The unemployment rate in Saskatchewan was 4.9% as of January 2024, up 0.1% from the previous month. The unemployment rate stood 6.7% below the peak from June 2020 and is below the long-run average.

There were 600 more full-time jobs in January 2024 compared to a month earlier. A loss of 1,500 part-time positions led to a decrease of 900 total jobs in January.

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

* 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 January 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 2,100 fewer full-time jobs in January 2024 compared to a month earlier. A gain of 1,000 part-time positions led to a decrease of 1,100 total jobs in January.

Full-time employment was still down 2,100 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 5.7% as of January 2024, up 0.1% from the previous month. The unemployment rate stood 8.2% below the peak from June 2020 and is on par with the long-run average.

There were 500 more full-time jobs in January 2024 compared to a month earlier. A loss of 200 part-time positions led to an increase of 300 total jobs in January.

Full-time employment was still down 700 jobs from the peak in November 2023 but stood 500 jobs above the trough in December 2023.

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


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