What's Happening?
Southeast Saskatchewan is experiencing a significant shift in its labor market, characterized by a surge in self-employment and construction jobs, while the healthcare sector faces a decline in staff.
According to the latest Statistics Canada Labour Force Survey, the unemployment rate in the Regina-Moose Mountain Economic Region remained steady at 6.1% in November. However, the healthcare and social assistance sector has seen a 38% drop in employment over the last five months, while the construction industry has grown by 20%. Self-employment now accounts for 16.9% of all employed workers in the area.
Why It's Important?
The changes in the labor market reflect broader economic trends and challenges in the region. The decline in healthcare employment could impact the availability and quality of healthcare services, while the rise in self-employment suggests a shift towards more independent work arrangements. This trend may have implications for job security and benefits for workers. Additionally, the growth in construction jobs indicates a potential increase in infrastructure development, which could drive economic growth in the region.
What's Next?
The region may need to address the challenges posed by the declining healthcare workforce, potentially through targeted recruitment and retention strategies. The rise in self-employment could lead to increased demand for support services for independent workers, such as access to benefits and training. Policymakers may also need to consider strategies to support the construction industry's growth and ensure sustainable development.
