UNEMPLOYMENT AND THE UNEMPLOYMENT RATE IN SASKATCHEWAN
The average number of unemployed will increase to more than 30,000 in 2015, an all-time high, and 30% more than in 2014. In spite of the increase, the province will still have the lowest unemployment rate among the provinces because the rate in Alberta increased just as quickly.
An analysis of those who are unemployed shows that the increase is evident across the province and in different demographic and socioeconomic groups. The unemployment rate is high and increasing among those who typically have trouble finding work, namely young people, the Aboriginal population, and those with lower levels of education.
Net income for Saskatchewan’s farmers was at an all-time high in 2014, in part because much of the 2013 crop wasn’t sold until then. With lower expenses, 2015 will be just as positive and, with prices coming back from their lows, the outlook for 2016 is also good.
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