Labour productivity, measured as economic output per hour worked, is increasing again after a period of decline from 2005 to 2010. The rate of growth is the third highest among the provinces. Wages and benefits are growing more quickly than productivity so unit labour costs are increasing at an unsustainable rate. Productivity is improving in agriculture and manufacturing but it has dropped sharply in construction.
FARM INCOME IN 2015
Realized net income for Saskatchewan farmers set another record in 2015, growing by 38.2% to $4.2 billion. Preliminary indications are that 2016 will be another good year.
RECENT POPULATION TRENDS
The Syrian refugees moving to Saskatchewan are largely responsible for the annualized population increase of 1.4% in the first quarter of 2016.
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