June 2024 Economic Brief

The employment-unemployment paradox occurs when both employment and unemployment rates rise simultaneously. Normally, a thriving economy creates new jobs, leading to higher employment. Over the past year, Regina’s economy has been strong, with significant job creation in logistics, manufacturing and finance. In May 2023, 145,000 Regina Residents were employed and the unemployment rate was 4. 6%. A year later, employment has risen to 152,000, but the unemployment rate also increased to 7%.

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Categories: Economic Briefs
Tags: 2024