Saskatoon emerges as Canadian leader in employment growth. (Saskatoon Update).A year-end review of Statistics Canada data by the Saskatoon Saskatoon (săskət  n`), city (1991 pop. 186,058), S central Sask., Canada, on the South Saskatchewan River. Regional Economic Development Authority (SREDA SREDA Saskatoon Regional Economic Development Authority (Canada) ) Inc. reveals that
Saskatoon was one of Canada's leading cities in growth of total
employment in 2002, with a 3.3 per cent increase over 2001 levels.
According to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Statistics Canada data, Saskatoon ended the year with 119,400 people employed in our local economy, up from 115,600 in 2001. Among a competitive eight-city analysis, Saskatoon had one of the strongest growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of total employment among metro areas This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. , surpassing the smaller increases of 2.3 per cent in Calgary, 1.9 per cent in Toronto, 2.4 per cent in Vancouver, and -0.1 per cent in Halifax. Of the eight major metro areas compared by SREDA, only Edmonton showed a slightly larger increase in 2002 employment growth, at 3.4 per cent. At the same time as Saskatoon emerged as one of the national leaders in employment growth, the size of Saskatoon's labor force also continued to grow by another 3,900 persons in 2002, to a total of 127,100 eligible workers or an increase of 3.2 per cent. This relative growth rate in potential labor force surpasses half of the major cities identified by SREDA as major Canadian competitors, including smaller labor force growth in Winnipeg and Regina of only 1.5 per cent and 2.6 per cent respectively. SREDA Inc. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dale Botting attributes this healthy labor pool expansion to the fact that Saskatoon also has the youngest median age of any major city in Canada at 34.4. "As this young population ages, we will continue to see strong comparative labor force growth in Saskatoon, despite higher levels of immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. in some of the other larger cities." SREDA's research also reveals that the Saskatoon regional economy has been able to absorb and even out pace the growth of the labor force. Participation rates in the local labor force increased in 2002 to a new high of 69.6 per cent over the lower labor force participation rate of 67.8 per cent in 2001. While labor force participation is still lower in several other cities, Saskatoon is closing the gap faster than any other major city. [FIGURE 1 OMITTED] |
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