OTTAWA – Saskatchewan’s unemployment rate has hit an all-time low but not because of increased employment.
Statistics Canada reported Friday the unemployment rate in the province was 3.3 per cent in July, a decline of 0.6 percentage points from June.
That is the lowest rate since comparable data became available in 1976.
The agency said the decline was due to a decrease in labour force participation, with 3,500 less people in the workforce during July compared to the previous month, a decline of 0.6 percentage points.
The number of people working in the province during July increased by 500, with all those gains in full-time employment.
Nationally, the unemployment rate was 7.0 per cent.