Explore Careers - Job Market Report
Description | Titles | Duties | Related Occupations
Outlook & Prospects for Retail Trade Managers in Prince Edward Island
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)||2016-04-15|
For the 2015-2017 period, the employment outlook is expected to be fair for Retail 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 growth is expected to be moderate.
- 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.
Here are some key facts about Retail Trade Managers in Prince Edward Island:
- Approximately 1,400 people work in this occupation.
- Retail Trade Managers mainly work in the following sectors:
- Other retail stores (NAICS 44-45, except 445): 67%
- Food and beverage stores (NAICS 445): 15%
- Construction (NAICS 23): 8%
- Other services (except public administration) (NAICS 81): 6%
- 84% of Retail Trade Managers work all year, while 16% work only part of the year, compared to 59% and 41% respectively among all occupations.
- 62% of Retail Trade Managers are self-employed compared to an average of 15% for all occupations.
- They fall into the following age groups:
- 15 to 24: 8% compared to 14% for all occupations
- 25 to 54: 69% compared to 64% for all occupations
- 55 years and over: 23% compared to 22% for all occupations
- The gender distribution of people in this occupation is:
- Men: 60% compared to 51% for all occupations
- Women: 40% 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: 42% compared to 27% for all occupations
- Apprenticeship or trades certificate or diploma: 12% 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: 12% 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 May 02 - May 06, 2016
- Princess Auto will be opening a new store at the end of May, 2016, in Charlottetown. A total of 75 people have been hired.
- East Coast Furnishings, a new business offering products such as mattresses, furniture, appliances, and yard equipment, will be opening at the former Sears location in Summerside, April 2016
- Mel's recently opened a new gas station on Granville Street in Summerside, its sixth location on PEI. The store will also feature the food services of Mr. Sub, Country Style and Thai Express, employing a total of 25 to 30 people.
- Date Modified: