Explore Careers - Job Market Report
Description | Titles | Duties | Related Occupations
Included Cities in Region | Service Canada Offices
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
Local Employment Potential Information
|Location||Employment Potential||Release Date|
|Prince Edward Island||(2 of 3 stars)||2016-12-23|
For the 2016-2018 period, the employment outlook is expected to be fair for Retail and wholesale trade managers (NOC 0621) in Prince Edward Island.
This outlook is the result of an analysis of a number of factors that influence employment prospects in this occupation. Some of the key findings are that:
- Employment is expected to remain relatively stable.
- A moderate number of people are expected to retire.
- This occupation has recently experienced moderate levels of unemployment.
- Employee turnover in this occupation is high, which could generate additional employment opportunities.
In addition, due to the seasonal nature of this occupation, employment opportunities will vary depending on the time of the year.
Here are some key facts about Retail and wholesale trade managers in the Prince Edward Island region:
- Approximately 1,550 people work in this occupation.
- Retail and wholesale trade managers mainly work in the following sectors:
- Other retail stores (NAICS 44-45, except 445): 60%
- Food and beverage stores (NAICS 445): 19%
- 84% of Retail and wholesale trade managers work all year, while 16% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 30 weeks compared to 27 weeks for all occupations.
- 56% of Retail and wholesale trade managers are self-employed compared to an average of 13% for all occupations.
- They fall into the following age groups:
- 15 to 24: 7% compared to 14% for all occupations
- 25 to 54: 67% compared to 64% for all occupations
- 55 years and over: 25% compared to 22% for all occupations
- The gender distribution of people in this occupation is:
- Men: 61% compared to 51% for all occupations
- Women: 39% compared to 49% for all occupations
- The educational attainment of workers in this occupation is:
- No high school diploma: 10% compared to 14% for all occupations
- High school diploma or equivalent: 41% compared to 27% for all occupations
- Apprenticeship or trades certificate or diploma: 14% compared to 11% for all occupations
- College certificate or diploma or university certificate below bachelor's: 21% compared to 28% for all occupations
- Bachelor's degree: 11% compared to 14% for all occupations
- University certificate, degree or diploma above bachelor level: less than 5% compared to 7% for all occupations
Local Labour Market NewsWeek of Dec 12 - Dec 16, 2016
- East Side Mario's and Ise's Sports Bar in Charlottetown are shutting down at the end of the year, putting about 40 employees out of work. Giant Tiger will move into the space at University Plaza by July 2017 and expects to hire 30 employees.
- According to the Canada Mortgage and Housing Corporation, the apartment vacancy rate in PEI went from 4.8% in October 2015 to 2.1% in October 2016. Contributing to the lower vacancy rate are an influx of immigrants, downsizing seniors, and students.
- Charlottetown saw an increase in housing prices of 2.3% in the third quarter of 2016, compared to 2015. The Royal LePage House Price Survey stated that the aggregate house price was $224,219. Population growth and an influx of retirees boosted the market.
- Charlottetown's Burke Electric, a lighting fixture and repair store on Queen Street, will close its doors on November 25 after 68 years in business. The owner is retiring.
- Date modified: