Newfoundland Employment Trends
The unemployment rate in Newfoundland and Labrador was 9.7% as of February 2026, down 0.3% from the previous month. The unemployment rate stood 7.9% below the peak from July 2020 and is below the long-run average.
There were 1,700 more full-time jobs in February 2026 compared to a month earlier. Combined with a gain of 300 part-time positions, this led to an increase of 2,000 total jobs in February.
Full-time employment was down 2,000 jobs from the peak in December 2012 but stood 39,500 jobs above the trough in June 2020.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
St. John's Employment Trends
The unemployment rate in St. John's, Newfoundland and Labrador was 7.3% as of February 2026, down 0.4% from the previous month. The unemployment rate stood 6.2% below the peak from July 2020 and is below the long-run average.
There were unchanged full-time jobs in February 2026 compared to a month earlier. Combined with a gain of 800 part-time positions, this led to an increase of 800 total jobs in February.
Full-time employment was down 900 jobs from the peak in November 2025.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
