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Released July 14, 2022

Building construction investment numbers for May 2022 show Saskatchewan saw the largest increase among the provinces compared to April 2022, with a 6% increase. Saskatchewan manufacturing sales in May 2022 rose 36.1% from May 2021, the second highest percentage change among the provinces.

“Saskatchewan’s economy is advancing with considerable strength as we see continued growth across a range of key economic indicators and more people working in our province than ever before,” said Minister of Trade and Business Development. Exports, Jeremy Harrison. “Our government will continue to focus on growing our economy and ensuring that Saskatchewan is the best place in Canada for businesses and workers.

Compared to May 2021, investment in building construction in Saskatchewan was up 16%, the third-highest percentage change among the provinces. Nationally, investment in building construction fell 0.2% in May 2022 from the previous month and increased 8.8% from May 2021.

In May 2022, the value of manufacturing sales in Saskatchewan increased 2.5% from April 2022, the third highest percentage change among the provinces. The total value of Saskatchewan manufacturing sales in May 2022 was approximately $2.2 billion.

Manufacturing sales

In May 2022, another key economic indicator for Saskatchewan, merchandise exports increased 55% from May 2021. This is the second highest increase in the country. Merchandise exports reached $4.9 billion, a 22.7% jump from April 2022, placing the province second in year-over-year and month-to-month export growth to another in all the provinces.

Statistics Canada’s Labor Force Survey for June 2022 showed Saskatchewan’s seasonally adjusted unemployment rate fell to 3.9%, the second lowest among the provinces and the lowest for the province since November 2014. For two consecutive months, several all-time employment records were reached, including overall employment (592,900), female employment (276,300), off-reserve Indigenous employment (67,400) and full-time off-reserve Aboriginal employment (55,700).

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For more information contact:

Jill Stroeder
Trade and export development
Phone: 306-787-6315
Email: [email protected]