
INSIDE
- Labour Market
- Consumer
- Manufacturing Sales
- International Trade
- Construction
- Culture
- Population
- Saskatchewan Economy
- TrendLine Report Card
TrendLine Saskatchewan - December 2021
Year-to-date employment and consumer spending continued to recover in November 2021. Concerns remain in regard to slow population growth, part-time employment growth, and inflationary pressures.

Stephen Johnson
MA
Chief Economist
November 2021 saw average year-to-date employment up by 2.5% or 13,400 positions over the same period in 2020. This represents a 50% recovery of the 26,800 job loss experienced in 2020. 2021 year-to-date employment still remains well behind 2019 levels.
Despite anemic employment growth, all other major indicators are in positive territory, led by total exports (up 23.5%; led by agricultural, energy products, mineral products, and forestry products), manufacturing shipments (up 42.1%; led by food and machinery), and housing starts (up 38.2% owing to low interest rates and higher than expected savings).
More importantly, the consumer has returned to the marketplace with retail sales, restaurant receipts, and new motor vehicle sales well up over the same period last year. Areas of concern remain in slow population growth, a majority of employment growth being in part-time employment, and inflationary pressures at the national level, which could lead to higher borrowing rates.
TrendLine Saskatchewan - December 2021
INSIDE
- Labour Market
- Consumer
- Manufacturing Sales
- International Trade
- Construction
- Culture
- Population
- Saskatchewan Economy
- TrendLine Report Card
Year-to-date employment and consumer spending continued to recover in November 2021. Concerns remain in regard to slow population growth, part-time employment growth, and inflationary pressures.
November 2021 saw average year-to-date employment up by 2.5% or 13,400 positions over the same period in 2020. This represents a 50% recovery of the 26,800 job loss experienced in 2020. 2021 year-to-date employment still remains well behind 2019 levels.
Despite anemic employment growth, all other major indicators are in positive territory, led by total exports (up 23.5%; led by agricultural, energy products, mineral products, and forestry products), manufacturing shipments (up 42.1%; led by food and machinery), and housing starts (up 38.2% owing to low interest rates and higher than expected savings).
More importantly, the consumer has returned to the marketplace with retail sales, restaurant receipts, and new motor vehicle sales well up over the same period last year. Areas of concern remain in slow population growth, a majority of employment growth being in part-time employment, and inflationary pressures at the national level, which could lead to higher borrowing rates.

Stephen Johnson
MA
Chief Economist
Composite Indicator Actual & Seasonally Adjusted
Key Indicator This Month
Employment 2.5% |
|
November 2021 YTD |
Employment
2.5%
November 2021 YTD
Labour Market
November 2021 Employment Up 2.5% Year-to-Date With Bulk Contributions Coming From Part-Time Employment
Unemployment Rate 6.7% |
|
November 2021 |
Total average year-to-date employment in Saskatchewan was up by 2.5% or 13,400 positions in November 2021 over the same period in 2020.
- Year-to-date employment was up in: Utilities (145), Manufacturing (873), Wholesale and Retail Trade (10,255), Professional, scientific and technical services (1,009), Educational services (2,209), Health care and social assistance (6,873), Accommodation and food services (682), and Public administration (2,200).
- Year-to-date employment was down in: Agriculture (-8,055), Resource Extraction (-118), Transportation and warehousing (-1,227), Finance, insurance, real estate and leasing (-955), Business, building and other support services (-355), Information, culture and recreation (-655), and Other services (-2,400).
The bulk of year-to-date employment gains have been in part-time employment: 11,118 part-time versus 2,291 fulltime positions mirroring advances in retail and wholesale trade employment.
The average year-to-date unemployment rate moved from 8.5% in November 2020 to 6.7% in November 2021. Year-to-date, the average number of unemployed is down -10,673 to 39,691 from 50,364. In addition, the number of those of labour force age but not in the labour force decreased by -1,300 over the same time period as individuals re-enter the labour market with improved job prospects.
Year-to-date, September 2021 average weekly earnings were up 3.4% over September 2020.
- Sub-sectors that posted increases were: Goods producing industries (3.1%), Forestry, logging and support (5.2%), Mining, quarrying, and oil and gas extraction (1.6%), Construction (4.8%), and Manufacturing (3.3%). Non-durable goods (0.5%).
- Sub-sectors that posted decreases were: Utilities (-1.5%).
Total average year-to-date employment in Saskatchewan was up by 2.5% or 13,400 positions in November 2021 over the same period in 2020.
- Year-to-date employment was up in: Utilities (145), Manufacturing (873), Wholesale and Retail Trade (10,255), Professional, scientific and technical services (1,009), Educational services (2,209), Health care and social assistance (6,873), Accommodation and food services (682), and Public administration (2,200).
- Year-to-date employment was down in: Agriculture (-8,055), Resource Extraction (-118), Transportation and warehousing (-1,227), Finance, insurance, real estate and leasing (-955), Business, building and other support services (-355), Information, culture and recreation (-655), and Other services (-2,400).
The bulk of year-to-date employment gains have been in part-time employment: 11,118 part-time versus 2,291 fulltime positions mirroring advances in retail and wholesale trade employment.
The average year-to-date unemployment rate moved from 8.5% in November 2020 to 6.7% in November 2021. Year-to-date, the average number of unemployed is down -10,673 to 39,691 from 50,364. In addition, the number of those of labour force age but not in the labour force decreased by -1,300 over the same time period as individuals re-enter the labour market with improved job prospects.
Year-to-date, September 2021 average weekly earnings were up 3.4% over September 2020.
- Sub-sectors that posted increases were: Goods producing industries (3.1%), Forestry, logging and support (5.2%), Mining, quarrying, and oil and gas extraction (1.6%), Construction (4.8%), and Manufacturing (3.3%). Non-durable goods (0.5%).
- Sub-sectors that posted decreases were: Utilities (-1.5%).
Unemployment Rate
6.7%
November 2021
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Labour Market | Nov 2020 | Nov 2021 | Change | % Change | Nov 2020 | Nov 2021 | Change | % Change | |
Employment | 552400 | 562500 | 544109 | 557509 | - | - | |||
Unemployment Rate (%) | 6.7 | 4.7 | 8.5 | 6.7 | - | - | |||
Average Weekly Earnings ($) | 1103 | 1132 | 1092 | 1129 | - | - |
Consumer
September 2021 Retail Trade Up 12.4% Year-To-Date
New Motor Vehicle Sales 6.7% |
|
September 2021 YTD |
Restaurant Receipts 18.3% |
|
September 2021 YTD |
September 2021 year-to-date retail trade was up by 12.4% over the same period in 2020.
- All sub-sectors posted increases: New car dealers (10.7%), Used car dealers (30.4%), Gasoline stations (16.6%), Furniture and home furnishings stores (26.2%), Electronics and appliance stores (3.1%), Building material and garden equipment and supplies dealers (27.1%), Health and personal care stores (5.4%), Clothing and clothing accessories stores (25.2%), Sporting goods, hobby, book and music stores (27.0%), Grocery stores (2.0%), Beer, wine and liquor stores (6.6%), General merchandise stores (13.6%), and all other (13.2%).
September 2021 year-to-date new motor vehicle (units) sales were up 6.7% from September 2020. New minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales were up 6.0%, while new passenger cars sales were also up 12.8%.
September 2021 year-to-date restaurant receipts were up 18.3% over the same period in 2020.
- Within restaurant receipts, all sub-categories posted increases: Special food services (25.2%), Drinking places (alcoholic beverages) (10.8%), Full-service restaurants (18.7%), and Limited-service eating places (18.2%).
September 2021 year-to-date retail trade was up by 12.4% over the same period in 2020.
- All sub-sectors posted increases: New car dealers (10.7%), Used car dealers (30.4%), Gasoline stations (16.6%), Furniture and home furnishings stores (26.2%), Electronics and appliance stores (3.1%), Building material and garden equipment and supplies dealers (27.1%), Health and personal care stores (5.4%), Clothing and clothing accessories stores (25.2%), Sporting goods, hobby, book and music stores (27.0%), Grocery stores (2.0%), Beer, wine and liquor stores (6.6%), General merchandise stores (13.6%), and all other (13.2%).
September 2021 year-to-date new motor vehicle (units) sales were up 6.7% from September 2020. New minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales were up 6.0%, while new passenger cars sales were also up 12.8%.
September 2021 year-to-date restaurant receipts were up 18.3% over the same period in 2020.
- Within restaurant receipts, all sub-categories posted increases: Special food services (25.2%), Drinking places (alcoholic beverages) (10.8%), Full-service restaurants (18.7%), and Limited-service eating places (18.2%).
New Motor Vehicle Sales
6.7%
September 2021 YTD
Restaurant Receipts
18.3%
September 2021 YTD
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Consumer | Oct 2020 | Oct 2021 | Change | % Change | Oct 2020 | Oct 2021 | Change | % Change | |
Consumer Price Index (2002=100) | 141.6 | 146.1 | 140.6 | 144.0 | - | - | |||
Retail Trade Total ($000s) | 1697480 | 1785689 | 14204209 | 15962754 | - | - | |||
New Motor Vehicle Sales (units) | 4651 | 3351 | 31128 | 33199 | - | - | |||
Restaurant Receipts ($000s) | 153258 | 170293 | 1181666 | 1397903 | - | - |
Manufacturing Sales
September 2021 Manufacturing Sales Up 42.1% Year-to-Date
September 2021 Wholesale Trade Up 10.6% Year-to-Date
Manufacturing Sales 42.1% |
|
September 2021 YTD |
Wholesale Trade 10.6% |
|
September 2021 YTD |
September 2021 year-to-date manufacturing sales were up by 42.1% over the same period in 2020.
- All sub-sectors posted increases: Food manufacturing sales (38.1%), Chemical manufacturing sales (9.6%), Machinery manufacturing sales (24.3%), Fabricated metal product manufacturing sales (7.8%), and all other manufacturing sales (66.6%).
September 2021 year-to-date wholesale trade was up 10.6% over the same period in 2020.
- Sub-sectors that posted increases were: Farm product merchant wholesalers (35.2%), Agricultural supplies merchant wholesalers (2.5%), Machinery, equipment and supplies merchant wholesalers (21.4%), Building material and supplies merchant wholesalers (10.5%), and all other (23.8%).
- Sub-sectors that posted decreases were: Food, beverage and tobacco merchant wholesalers (-16.5%).
September 2021 Wholesale Trade Up 10.6% Year-to-Date
September 2021 year-to-date manufacturing sales were up by 42.1% over the same period in 2020.
- All sub-sectors posted increases: Food manufacturing sales (38.1%), Chemical manufacturing sales (9.6%), Machinery manufacturing sales (24.3%), Fabricated metal product manufacturing sales (7.8%), and all other manufacturing sales (66.6%).
September 2021 year-to-date wholesale trade was up 10.6% over the same period in 2020.
- Sub-sectors that posted increases were: Farm product merchant wholesalers (35.2%), Agricultural supplies merchant wholesalers (2.5%), Machinery, equipment and supplies merchant wholesalers (21.4%), Building material and supplies merchant wholesalers (10.5%), and all other (23.8%).
- Sub-sectors that posted decreases were: Food, beverage and tobacco merchant wholesalers (-16.5%).
Manufacturing Sales
42.1%
September 2021 YTD
Wholesale Trade
10.6%
September 2021 YTD
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Manufacturing Sales | Sep 2020 | Sep 2021 | Change | % Change | Sep 2020 | Sep 2021 | Change | % Change | |
Manufacturing Sales Total ($000s) | 1109808 | 1677066 | 10411501 | 14796316 | - | - | |||
Wholesale Trade ($000s) | 2100014 | 2591838 | 20690870 | 22894436 | - | - |
International Trade
Total International Merchandise Exports up 23.5% October 2021 YTD
Total International Merchandise Exports 23.5% |
|
October 2021 YTD |
Total International merchandise exports were up 23.5% year-to-date October 2021 over October 2020.
- Sub-sectors that posted increases were: Farm, fishing and intermediate food products (10.9%), Energy products (63.9%), Metal ores and non-metallic minerals (8.0%), Metal and non-metallic mineral products (392.1%), Forestry products and building and packaging materials (72.4%), Industrial machinery, equipment and parts (20.6%), Electronic and electrical equipment and parts (4.9%), Motor vehicles and parts (26.5%), and Consumer goods (18.0%).
- Sub-sectors that posted decreases were: Basic and industrial chemical, plastic and rubber products (-8.9%), Aircraft and other transportation equipment and parts (-8.7%), and Special transactions (-2.1%).
Total International merchandise exports were up 23.5% year-to-date October 2021 over October 2020.
- Sub-sectors that posted increases were: Farm, fishing and intermediate food products (10.9%), Energy products (63.9%), Metal ores and non-metallic minerals (8.0%), Metal and non-metallic mineral products (392.1%), Forestry products and building and packaging materials (72.4%), Industrial machinery, equipment and parts (20.6%), Electronic and electrical equipment and parts (4.9%), Motor vehicles and parts (26.5%), and Consumer goods (18.0%).
- Sub-sectors that posted decreases were: Basic and industrial chemical, plastic and rubber products (-8.9%), Aircraft and other transportation equipment and parts (-8.7%), and Special transactions (-2.1%).
Total International Merchandise Exports
23.5%
October 2021 YTD
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
International Trade | Oct 2020 | Oct 2021 | Change | % Change | Oct 2020 | Oct 2021 | Change | % Change | |
International Trade Domestic Exports ($000s) | 2712157 | 3851154 | 24358590 | 30073566 | - | - | |||
International Trade Imports ($000s) | 812036 | 983118 | 8386953 | 9150931 | - | - | |||
Net International Merchandise Trade ($000s) | 1900121 | 2868036 | 15971637 | 20922635 | - | - |
Construction
Housing Starts up 38.2% November 2021 YTD
Construction Employment 7.3% |
|
November 2021 YTD |
Housing Starts 38.2% |
|
November 2021 YTD |
Consistent with strong construction activity in both the residential and non-residential sectors, year-to-date November 2021 construction employment was up by 2,927 positions or 7.3% from the same period in 2020.
Fueled by low borrowing costs, higher than expected levels of savings, and new interest in work-from-home solutions November 2021, total year-to-date housing starts were up by 970 units or 38.2% over the same period in 2020.
- Year-to-date increases were observed in singles (324 units or 32.2%), semi-detached (76 units or 63.3%), row (122 units or 33.2%), and apartment and other types (448 units or 42.9%).
October 2021 year-to-date building permits were up 26.5% over the same period in 2020.
- All sub-sectors posted increases: Residential (27.5%), industrial (1.1%), commercial (27.5%), and institutional and governmental (65.5%).
Consistent with strong construction activity in both the residential and non-residential sectors, year-to-date November 2021 construction employment was up by 2,927 positions or 7.3% from the same period in 2020.
Fueled by low borrowing costs, higher than expected levels of savings, and new interest in work-from-home solutions November 2021, total year-to-date housing starts were up by 970 units or 38.2% over the same period in 2020.
- Year-to-date increases were observed in singles (324 units or 32.2%), semi-detached (76 units or 63.3%), row (122 units or 33.2%), and apartment and other types (448 units or 42.9%).
October 2021 year-to-date building permits were up 26.5% over the same period in 2020.
- All sub-sectors posted increases: Residential (27.5%), industrial (1.1%), commercial (27.5%), and institutional and governmental (65.5%).
Construction Employment
7.3%
November 2021 YTD
Housing Starts
38.2%
November 2021 YTD
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Construction | Nov 2020 | Nov 2021 | Change | % Change | Nov 2020 | Nov 2021 | Change | % Change | |
Housing Starts Total (Units) | 274 | 295 | 2539 | 3509 | - | - | |||
Building Permits Total ($000s) | 158870 | 141087 | 1129883 | 1428852 | - | - | |||
Building Permits Residential ($000s) | 100042 | 80114 | 647156 | 825202 | - | - | |||
Building Permits Non-Residential ($000s) | 58828 | 60973 | 482727 | 603650 | - | - |
Culture
Culture and Recreation Employment Down -3.7% in November 2021 YTD
Information, Culture & Recreation Employment 3.7% |
|
October 2021 YTD |
November 2021 year-to-date employment in Information, culture and recreation was down -655 positions or -3.7% over the same period in 2020.
July 2021 year-to-date average weekly earnings in Information and cultural industries were up 6.6%.
November 2021 year-to-date employment in Information, culture and recreation was down -655 positions or -3.7% over the same period in 2020.
July 2021 year-to-date average weekly earnings in Information and cultural industries were up 6.6%.
Information, Culture & Recreation Employment
3.7%
October 2021 YTD
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Culture | Nov 2020 | Nov 2021 | Change | % Change | Nov 2020 | Nov 2021 | Change | % Change | |
Employment Information, Culture and Recreation | 12900 | 15800 | 17582 | 16927 | - | - |
Population
Saskatchewan's Q4 2021 Population Up 0.23% Over Q4 2020
SK Population Currently at 1,180,867
Provincial Population 1,180,867 |
|
0.23% Increase over Q4 2020 |
The Q4 2021 Provincial population was up 0.23% or 2,703 persons over 2020 Q4 to 1,180,867. Contributing to population growth was a modest bounce-back in international immigration to 3,076 from 1,769 in the previous quarter and a higher than expected natural increase (births less deaths). Net inter-provincial migration has been negative every quarter since Q2 2013.
SK Population Currently at 1,180,867
The Q4 2021 Provincial population was up 0.23% or 2,703 persons over 2020 Q4 to 1,180,867. Contributing to population growth was a modest bounce-back in international immigration to 3,076 from 1,769 in the previous quarter and a higher than expected natural increase (births less deaths). Net inter-provincial migration has been negative every quarter since Q2 2013.
Provincial Population
1,180,867
0.23% Increase over Q4 2020
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Population | 2020 Q3 | 2021 Q3 | Change | % Change | - | - | - | - | |
Population (persons) | 1178164 | 1180867 | - | - | - | - |
Saskatchewan Economy
Conference Board of Canada Predicts 4.9% Growth in Real GDP in 2021
Real GDP Forecast: 2021 4.9% |
|
Conference Board of Canada |
According to the Conference Board of Canada in its March 2021 forecast, the Saskatchewan outlook for 2021 is for 4.9% growth in real GDP (after a 5.1% decline in 2020) and a 4.7% increase in employment (after a 4.3% decline in 2020). Meeting forecast targets is predicated upon vaccine uptake outpacing the spread of virus variants.
Conference Board of Canada Predicts 4.9% Growth in Real GDP in 2021
According to the Conference Board of Canada in its March 2021 forecast, the Saskatchewan outlook for 2021 is for 4.9% growth in real GDP (after a 5.1% decline in 2020) and a 4.7% increase in employment (after a 4.3% decline in 2020). Meeting forecast targets is predicated upon vaccine uptake outpacing the spread of virus variants.
Real GDP Forecast: 2021
4.9%
Conference Board of Canada
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Saskatchewan Economy | 2020 | 2021 (Forecast) | Change | % Change | - | - | - | - | |
Gross Domestic Product (2007 $M) | 77394 | 81210 | - | - | - | - |
TrendLine Report Card - December 2021
INDICATOR | MONTH TO MONTH | YEAR TO DATE | |||||||
---|---|---|---|---|---|---|---|---|---|
Labour Market | Nov 2020 | Nov 2021 | Change | % Change | Nov 2020 | Nov 2021 | Change | % Change | |
Employment | 552400 | 562500 | 544109 | 557509 | - | - | |||
Unemployment Rate (%) | 6.7 | 4.7 | 8.5 | 6.7 | - | - | |||
Average Weekly Earnings ($) | 1103 | 1132 | 1092 | 1129 | - | - | |||
Consumer | Oct 2020 | Oct 2021 | Change | % Change | Oct 2020 | Oct 2021 | Change | % Change | |
Consumer Price Index (2002=100) | 141.6 | 146.1 | 140.6 | 144.0 | - | - | |||
Retail Trade Total ($000s) | 1697480 | 1785689 | 14204209 | 15962754 | - | - | |||
New Motor Vehicle Sales (units) | 4651 | 3351 | 31128 | 33199 | - | - | |||
Restaurant Receipts ($000s) | 153258 | 170293 | 1181666 | 1397903 | - | - | |||
Manufacturing Sales | Sep 2020 | Sep 2021 | Change | % Change | Sep 2020 | Sep 2021 | Change | % Change | |
Manufacturing Sales Total ($000s) | 1109808 | 1677066 | 10411501 | 14796316 | - | - | |||
Wholesale Trade ($000s) | 2100014 | 2591838 | 20690870 | 22894436 | - | - | |||
International Trade | Oct 2020 | Oct 2021 | Change | % Change | Oct 2020 | Oct 2021 | Change | % Change | |
International Trade Domestic Exports ($000s) | 2712157 | 3851154 | 24358590 | 30073566 | - | - | |||
International Trade Imports ($000s) | 812036 | 983118 | 8386953 | 9150931 | - | - | |||
Net International Merchandise Trade ($000s) | 1900121 | 2868036 | 15971637 | 20922635 | - | - | |||
Construction | Nov 2020 | Nov 2021 | Change | % Change | Nov 2020 | Nov 2021 | Change | % Change | |
Housing Starts Total (Units) | 274 | 295 | 2539 | 3509 | - | - | |||
Building Permits Total ($000s) | 158870 | 141087 | 1129883 | 1428852 | - | - | |||
Building Permits Residential ($000s) | 100042 | 80114 | 647156 | 825202 | - | - | |||
Building Permits Non-Residential ($000s) | 58828 | 60973 | 482727 | 603650 | - | - | |||
Culture | Nov 2020 | Nov 2021 | Change | % Change | Nov 2020 | Nov 2021 | Change | % Change | |
Employment Information, Culture and Recreation | 12900 | 15800 | 17582 | 16927 | - | - | |||
Population | 2020 Q3 | 2021 Q3 | Change | % Change | - | - | - | - | |
Population (persons) | 1178164 | 1180867 | - | - | - | - | |||
Saskatchewan Economy | 2020 | 2021 (Forecast) | Change | % Change | - | - | - | - | |
Gross Domestic Product (2007 $M) | 77394 | 81210 | - | - | - | - | |||
Sources: Statistics Canada Tables 14-10-0017-01, 34-10-0143-01, 14-10-0355-01, 18-10-0004-01, 34-10-0066-01, 17-10-0005-01, 17-10-0008-01, 20-10-0008-01, 16-10-0048-01, 20-10-0001-01, 21-10-0019-01, 12-10-0012-01,14-10-0358-01, and Conference Board of Canada Spring 2021 Outlooks. Note: All data presented above is raw/not seasonally adjusted. Some date headings may not apply to every indicator in each sector. Please link to the additional tables for a comprehensive data overview. |
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.
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