February 2022 Employment Rates for Sault Ste. Marie

Home UncategorizedFebruary 2022 Employment Rates for Sault Ste. Marie

Although the Unemployment Rate increased slightly from January, we saw a 7% increase in overall employment (12% since the beginning of the year). And all sectors had an increase in employment from January to February.

Comparing February 2022 to February 2020 (pre-COVID), overall employment is up by 4%.

Highlights:

  • Sault Ste. Marie’s unemployment rate in February was 6.7%, up slightly from 6.4% in January.
    • Sault Ste. Marie’s unemployment rate in February 2022 was 6.7% (Canada 5.5%, Ontario 5.5%)
    • This represents an slight increase from 6.4% in January 2022, but lower than the recent high of 9.3% in Sept 2021.
    • Previous to COVID restrictions in March 2020, the unemployment rate was 5.1% and then climbed significantly.
    • The national and provincial rates also spiked due to COVID restrictions, fell steadily in 2021 and have risen in recent months
  • Sault Ste. Marie’s Participation and Employment Rates both climbed in February 2022.
    • Both the Participation and Employment Rates have begun to climb in recent months.  Since we have a high number of job postings (see below), we would hope to see the Employment and Participation Rates continue to increase in the coming months.
    • Higher Participation and Employment rates should help employers with challenges filling open positions.
  • Overall employment rose to 37,600 jobs in January.
    • Employment in all Sectors increased in February, with significant gains in the Retail, Accommodation/Food Services and Recreation sectors.
    • Comparing February 2020 to February 2022, Sault Ste. Marie is actually up 4% in overall employment – higher than the pre-pandemic level of employment.
  • Job postings continue to be strong for Sault Ste. Marie.
    • The number of Job postings in February 2022 are 3x’s the February 2021 postings.
    • We continue to see strong demand in Healthcare, Home Support Workers, Retail, Drivers and Restaurants.
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