As the westernmost federal territory, the Yukon's economy has always had a strong focus on mining, particularly copper, zinc lead, silver, and gold. While the territory continues to benefit from mining, it also has growing manufacturing and tourism industries.
In the capital of the Yukon Territory, the consumer price index decreased by 0.6 per cent over the previous year. Costs for fuel and household services in Whitehorse show a significant decline, while costs for vehicles and some food items show an increase.
Yukon Territory Job Opportunities
Openings for jobs in the Yukon Territory include numerous service positions, such as customer service representatives, hairstylists, cooks, cleaners, and food and beverage servers. Management positions in hospitality, retail, and administration are also available.
The highest paying jobs in the Yukon Territory include lawyer, with an average annual salary of C$107,000 ; human resource manager, with an average hourly rate of nearly C$43 ; and registered nurse, with an average annual salary of C$41. Some of the lowest paying jobs in this territory include cashiers and retail salespeople, who earn about C$14.50 an hour and food and beverage servers, who earn about C$13 an hour.
Yukon Territory Employment Trends
The unemployment rate in Yukon Territory is 6.3 per cent, which is slightly lower than the national rate. This number is projected to increase in the near future, despite the growth expected in nearly all sectors in the Yukon Territory. Increased mineral production and construction activity, higher retail sales, and more border crossings should help the territory prevent its unemployment rate from climbing too high.
Several fields can expect moderate growth in the near future, including finance, retail trade, purchasing, property administration, conservation, and public works. Senior managers, human resource managers, school principals, corrections managers, marketing managers, and lawyers can expect strong job growth over the next few years, largely due to large numbers of retiring workers.