Peterborough Employment Trends
The unemployment rate in Peterborough was 5.9% as of May 2022, up 2% from the previous month. The unemployment rate stood 6.8% below the peak from December 2020 and is below the long-run average.
There were 600 more full-time jobs in May 2022 compared to a month earlier. A loss of 2,100 part-time positions led to a decrease of 1,500 total jobs in May.
Full-time employment was still down 2,700 jobs from the peak in January 2019 but stood 14,200 jobs above the trough in May 2020.
The number of full-time jobs in May was up from the previous month in agriculture, trade services, transportation & warehousing, business & building services, healthcare, information & cultural services, accommodation & food services, and public administration.
Full-time job losses in May occurred in natural resources, utilities, construction, manufacturing, the financial sector, professional & scientific services, and education.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.