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 Sep 12 - Sep 16, 2016
- Glo, a smoothie bar in Charlottetown, PEI, opened a month ago and offers healthly snacks in the downtown area. Glo has 3 full-time and 6 part time employees.
- Fabricville in the Oak Tree Place Mall, Charlottetown, PEI is closing its doors on November 30, 2016
- The Great Canadian Dollar store is planning to open five locations in PEI by March 2017. The first store will open in Cornwall by the end of September and will employ 8 people.
- Young Millionaires program had 27 participants from the Souris, Charlottetown, Kinkora, Summerside and Evangeline PEI areas establish small businesses which sold products to tourists and Islanders
- Retailer H&M is opening a location in the Charlottetown mall on September 29, 2016. A total of 45 employees have been hired for the store.
- The town of O'Leary has seen a spike in new business openings. The economic growth is due to the council who see the value of going out and attracting new businesses to the area.
- According to the PEI Real Estate Association housing sales have increased by 30.4% so far this year and the average price has gone up by 5.4% from 2015. There have been a lot of first time buyers and buyers from outside of PEI.
- According to the Atlantic Provinces Economic Council, retail sales in Prince Edward Island remain strong, however employment levels dropped by 1.4% in the first seven months of the year
- Date Modified: