Quinte Employment Trends
The unemployment rate in Quinte was 5.5% as of February 2023, down 0.6% from the previous month. The unemployment rate stood 13.1% below the peak from May 2020 and is below the long-run average.
There were 1,400 more full-time jobs in February 2023 compared to a month earlier. A gain of 3,600 part-time positions led to an increase of 5,000 total jobs in February.
Full-time employment was still down 10,100 jobs from the peak in December 2010 but stood 22,400 jobs above the trough in February 2016.
The number of full-time jobs in February was up from the previous month in utilities, construction, manufacturing, transportation & warehousing, professional & scientific services, education, information & cultural services, accommodation & food services, and public administration.
Full-time job losses in February occurred in agriculture, natural resources, trade services, the financial sector, business & building services, and healthcare.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.