TrendLine Saskatchewan

 

TrendLine Saskatchewan - June 2019

With a surging labour market and tentative return of the consumer to the marketplace, an impending recovery for the Saskatchewan economy is a firm possibility in the short to medium term.

Stephen Johnson

MA
Chief Economist

Average year-to-date employment is up and the unemployment rate and the number of unemployed are down. The consumer has returned to the market with year-to-date retail sales up (although still below the rate of inflation) and new motor vehicles sales and restaurant receipts posting small increases. 

Construction activity remains in decline with both total building permits and housing starts dropping, however, semi-detached starts and industrial and commercial building permits are in recovery. 

Meanwhile, wholesale trade is up and manufacturing sales and international exports are down.

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Employment

2.5%

Up 14,300 Positions Year Over Year

Employment

2.5%

Up 14,300 Positions Year Over Year

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Related Issues

TrendLine May 2019


This Issue's Economist:

Stephen Johnson

MA
Chief Economist

This Issue's Editor:


TrendLine Saskatchewan is published monthly by Praxis Consulting.