Newfoundland and Labrador, June 2024 - Job market snapshot

Get a snapshot of key facts about the state of Newfoundland and Labrador's labour market in the past month.

 
Employment in Newfoundland and Labrador increased by a sharp 8,400 (+3.6%) over the last 12 months, including a gain of 2,600 (+1.1%) in the last month. The majority of new job growth this month is part-time employment. The labour force (those working or looking for work) rose by a slight 500 people (+0.2%). The province's unemployment rate declined to 9.2% in June from 9.9% the previous month.

Newfoundland and Labrador's job market by the numbers

Working population

244,600

Up 1.1% since May

Unemployment rate

9.2%

Down -0.7 pts since May

Source: Statistics Canada - Table 14-10-0287-01 - Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months

Industries in focus

Educational services

No significant change in employment since May

May20,300

June20,300

Employment is at a historical high in the educational services industry. Jobs in the sector have grown 3,400 (+20.1%) over the last 12 months, including 0 (0.0%) in the last month. The industry's job vacancy rate in Q1 2024 was 0.8%, unchanged from the previous quarter and 0.1p.p. higher than the same quarter a year prior.

Construction

Number of jobs increased 7.0%

May20,000

June21,400

Employment in the construction industry grew by a sharp 2,400 (+12.6%) over the last 12 months, including a gain of 1,400 (+7.0%) in the last month. The industry's job vacancy rate in Q4 2023 was 1.6%, 1.4p.p. lower than the previous quarter.

Wholesale and retail trade

Number of jobs increased 1.6%

May37,900

June38,500

Employment in the wholesale and retail trade industry increased by a sharp 3,400 (+9.7%) over the last 12 months, including a gain of 600 (+1.6%) in the last month.

Source: Statistics Canada - Table 14-10-0355-02 - Employment by industry, monthly, seasonally adjusted (x 1,000)

Unemployment rate by region

Avalon Peninsula
8.4%
South Coast–Burin Peninsula and Notre Dame-Central-Bonavista Bay
12.0%
West Coast–Northern Peninsula–Labrador
9.9%

The unemployment rate was lowest in Avalon Peninsula and highest in South Coast–Burin Peninsula and Notre Dame-Central-Bonavista Bay.

Source: Statistics Canada - Table 14-10-0387-01 - Labour force characteristics, three-month moving average, unadjusted for seasonality, last 5 months

A closer look at some regions

Avalon Peninsula

142,400 people employed

Up 2.4% since June 2023

The number of jobs in Avalon Peninsula increased by a steep 3,300 (+2.4%) over the last 12 months. New job growth this year is entirely due to new full-time employment. The labour force (those working or looking for work) grew by a sharp 6,300 (+4.2%) compared to a year ago. The region's unemployment rate grew to 8.4% in June from 6.8% the same month the year prior. What else is happening in this region?

South Coast–Burin Peninsula and Notre Dame-Central-Bonavista Bay

56,500 people employed

Up 7.6% since June 2023

The number of jobs in South Coast-Burin Peninsula and Notre Dame-Central Bonavista Bay was up by a sharp 4,000 (+7.6%) over the last 12 months. New job growth this year is entirely due to new full-time employment. The labour force (those working or looking for work) hiked by 2,400 (+3.9%) compared to a year ago. The region's unemployment rate declined to 12.0% in June from 15.0% the same month the year prior. What else is happening in this region?

West Coast–Northern Peninsula–Labrador

47,400 people employed

Up 2.8% since June 2023

The number of jobs in West Coast-Northern Peninsula-Labrador grew by a moderate 1,300 (+2.8%) over the last 12 months. The labour force (those working or looking for work) declined by a slight 400 (-0.8%) compared to a year ago. An increase in employment and a smaller labour force year-over-year has led to a lower unemployment rate, 9.9% compared to 13.0% last June 2023. What else is happening in this region?

Last data refresh: 2024-07-25 23:00:30

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