Paul Martin’s Business Update – February 3rd, 2015

Feb 03, 2015, 04:57 PM

Every once in a while StatsCanada revises the way it tracks some of its numbers. When they adjust one of the major indices, it can provide a new historic view of the way the economy has been performing.

A case in point is job numbers. The federal agency has just revised its tracking of employment since the beginning of the century. And it turns out – from a job perspective at least – we were doing worse than we thought back in 2001 and better than we thought last year.

Basically, the economy’s surge through the last decade was a better job creation engine than originally estimated.

Back in January of 2001, 467,000 people had a job in Saskatchewan. At the end of last year, that total had risen to 575,000 which is about 2,200 stronger than the unrevised estimate. In other words, the provincial economy generated more than 100,000 new positions since the turn of the century. That’s roughly the number of jobs in: Moose Jaw, Prince Albert, Weyburn, Estevan, Swift Current, North Battleford, Martensville and Humboldt combined.