We’re now starting to get some year-end numbers on how things performed in 2017. The first and most readily available covers the labour market. In fact, we are now starting to get the first of the revisions for last year.
StatsCan released its update on Friday. This week it will give us the January figures but this most current report looks at how 2017 shaped up. For Saskatchewan, it was virtually unchanged.
The labour pool – that’s the number of people available to take a job – rose by 800 for the year. The unemployment rate started 2017 at 6.5 per cent and ended at 6.5 per cent and the number of people with a job rose by 400.
About the only category that saw any movement was in the type of job structure. Full-time positions fell by 4,000 and part-time went up by a comparable number.
The overall participation and employment rates which track workers as a percentage of the overall pool of adults each moved about a half point as well. To put it another way, 2017 was the year of the status quo on the labour front.