The latest job numbers from Statististics Canada say a lot about Saskatchewan. We don't to read too much into these numbers, they are just a snapshot, but we definitely should take note. We sit next to the hottest economy on the planet and we're blessed with unimaginable natural wealth. Yet, it appears we are the ONLY province standing still this year.
Saskatchewan's oil boom and red-hot consumer economy failed to prop up October's job numbers, with the province shedding 6,200 positions last month, according to Statistics Canada.
The drop from 485,700 jobs in October 2004 to 479,500 jobs last month perplexed statisticians and government officials, who were at a loss to explain why employment fell for the second consecutive month when the provincial economy is strong.
"We've got high oil prices, an enthusiastic crop, enthusiastic consumers, centennial celebrations. We should be doing better than this," said Doug Elliott, publisher of statistical newsletter Sask Trends Monitor. "All of the normal things that go wrong in the Saskatchewan economy are not there and yet we're still losing jobs."