TrendLine Saskatchewan

 

TrendLine Saskatchewan - March 2022

February saw a continuation in employment growth with an increase by 5.6% over the same period in 2021.

Stephen Johnson

MA
Chief Economist

February saw a surge in employment growth with employment up by 5.6% or 30,100 positions in February 2022 over the February 2021. This comes after 24,600 positions were added in January 2022 over the same period in 2021.  

In addition, all other major indicators ended 2021 on the positive side, except for new motor vehicle sales.  

In the first month of 2022, exports remain elevated as are non-residential building permits. Areas of concern remain in rising inflation and interest rates, slow population growth, a downturn in housing starts, and wage increases below the rate of inflation. 

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Employment

5.6%

January 2022 YTD

Employment

5.6%

January 2022 YTD

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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.