Manitoba Economy and Fiscal Update 2023
Manitoba
Manitoba Economy Surpassing Expectations in 2023
✓ more Manitobans working than ever before - averaging over 690,000 jobs in 2023
✓ full-time employment is up 4.2% in the first half of 2023, the highest among provinces
✓ Manitoba has the lowest unemployment rate in Canada at 4.3% in June 2023
✓ Manitobans spent a record $26.4-billion on retail sales in 2022, up 8.6%, third highest among
provinces. Sales are up another 5.5% through May 2023
✓ manufacturing sales are up 10.4% in 2023, highest among provinces
✓ Manitoba farmers cash receipts reached a $9.7-billion milestone in 2022 and have further
increased by 17.2% in the first quarter of 2023, third highest among provinces
✓ international exports are up 18.7% in 2023, second highest among provinces
✓ labour income is up 7.3% in 2023, third highest among provinces
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