Prince Edward Island, August 2024 - Job market snapshot
Get a snapshot of key facts about the state of Prince Edward Island's labour market in the past month.
Employment is at a historical high in Prince Edward Island. The number of jobs in the province increased by 2,600 (+2.9%) over the last 12 months, including 900 (+1.0%) in the last month. Part-time employment increased by 1,700 (+13.2%) over the last month. The labour force (those working or looking for work) is currently at its all-time largest at 100,900, which is 3,200 (+3.3%) higher than a year ago. The province's unemployment rate declined to 8.2% in August from 8.9% the previous month and grew from 7.9% a year prior.
Prince Edward Island's job market by the numbers
92,600
Up 1.0% since July
8.2%
Down -0.7 pts since July
Industries in focus
Wholesale and retail trade
July11,300
August11,700
Employment in the wholesale and retail trade industry grew by 1,500 (+14.7%) over the last 12 months, including a gain of 400 (+3.5%) in the last month.
Construction
July8,500
August8,900
The number of jobs in the sector has grown by 600 (+7.2%) over the last 12 months. The industry's job vacancy rate in Q1 2024 was 6.7%, 1.8p.p. higher than the previous quarter and 3.3p.p. lower than the same quarter a year prior.
Manufacturing
July7,700
August7,400
Employment in the manufacturing industry fell by 900 (-10.8%) over the last 12 months, including a loss of 300 (-3.9%) in the last month. The number of job vacancies in the industry in Q1 2024 was 350, 90 higher than the previous quarter and 140 higher than the same quarter a year prior.
Last data refresh: 2024-10-04 23:01:01
- Date modified: