Economic Development Regina’s Post

The labour force numbers are out and showing Regina's unemployment rate has edged down from 7.2 to 6.9%, as more than 1500 people have been employed this last month. While this month shows a decrease in our unemployment rate, in the last year our unemployment rate has had an overall increase of 2% – yet employment has also risen by nearly 10,000. From a growing labour force to booming local businesses there are multiple factors that can explain this paradox, and how an increasing unemployment rate can actually indicate a healthy growing economy. For a deeper explanation into Regina's current employment-unemployment paradox, click the link to our latest economic brief. https://lnkd.in/gdhCcgji

"Positive Economic Fundamentals" – The numbers are now in for January's Economic Brief. In Q4 2023, the macroeconomic indicators in the Greater Regina Area (GRA) thrived. December year-over-year employment growth was 8.1% (more than twice the provincial rate of 3.8%), equivalent to 11,300 positions over 2022. Unemployment remained low at 4.9%, with the GRA contributing more than half the province’s job growth in December. Higher borrowing costs are affecting resale home prices, but with inflation moderating, interest rate cuts are expected sometime this year. For a deeper dive, click the link to read more: https://lnkd.in/gdEqfJc7

The numbers are in for July's economic brief. Steady flowing economy - The GRA experienced an uptick in the year-over-year rate of employment growth from 0.6% in May to 2.1% in June. As a result, June year to date employment growth remains positive at 1,167 positions over 2022 and unemployment remains low at 4.8%. Click to read more and take a deeper look into our other key numbers for July 👉

April’s Economic Brief is now out and with a deep dive into Canada’s productivity concerns. Canada’s higher-than-targeted inflation rate is due in part to stagnant productivity. Improved productivity is crucial for a stable economy, boosting growth, jobs, and wages etc. However, Canada’s productivity has fallen to second-last among G7 countries (ahead of Italy). That being said when comparing national and local trends, both Saskatchewan and Regina generally demonstrate higher productivity than Canada, suggesting greater efficiency. Showing strong growth in the first quarter of 2024, to learn more around Regina's economy and other key highlights, click the link below: https://lnkd.in/gYnq4ahB

"Accelerating economic growth" - the numbers are in for September's Economic Brief. August year-to-date employment growth remains positive at 2.0% over 2022, almost twicethe provincial rate. Unemployment remains low at 4.8% with employment growth being driven by well-compensated full-time positions in professional, scientific and technical services, and manufacturing. Higher interest rates are being felt in new housing construction and home prices. However, non-residential permitting activity is well ahead of 2022 levels. Click the link for a deeper dive in:

The National Indigenous Economic Strategy is a blueprint for inclusion of Indigenous Peoples in the Canadian economy. This Strategy presents four Strategic Pathways supported by 107 Calls to Economic Prosperity. READ MORE:https://niestrategy.ca/ NACCA

This is exactly the type of course that I teach and the topics that I cover in my course at the Edwards School of Business. I am the course coordinator and an instructor for COMM 347: Indigenous Business in Canada, now a required course for all of our undergraduate students to take 👏🏼 #IndigenousBusiness #IndigenousEducation #EconomicReconciliation

Further thoughts on the “post-recovery” era of the Greek economy. As the low-hanging fruits are exhausted and labour market tightens, Greek policy makers need to think out-of-the-box to keep the positive momentum of the Greek economy going !  (in Greek)

The City of Vaughan’s Economic Development team provides monthly economic and investment updates featuring national, provincial and local investments, trends and highlights. Learn more in the October 2023 Economic and Investment Update at https://lnkd.in/g2KgBqhe

Taking action on economic reconciliation has tremendous value for Indigenous and non-Indigenous businesses alike, enabling opportunities for shared economic prosperity and long-term business success. Today, Canadian Council for Aboriginal Business and the Ontario Chamber of Commerce released “Sharing Prosperity: An Introduction to Building Relationships for Economic Reconciliation in Ontario.” Read the release https://bit.ly/46sa7Tq Read the resource: https://bit.ly/3GaHy2a