August 2024 Economic Brief

The Greater Regina Area’s (GRA) economy slowed in July 2024, with employment up 1.8% year-over-year with 2,700 new jobs – less than half the provincial rate (3.9%). Despite this growth, Regina’s unemployment rate rose to 6.6%, up from 4.5% last year, due to a larger workforce than available jobs. Housing starts are ahead of 2023, although building permits declined and rising
part-time employment could slow future growth. The GRA’s economic outlook remains uncertain as these factors continue to impact progress.