Newfoundland and Labrador Association of REALTORS®

Newfoundland Employment Trends

The unemployment rate in Newfoundland and Labrador was 10.4% as of December 2024, up 0.1% from the previous month. The unemployment rate stood 7% below the peak from July 2020 and is below the long-run average.

There were 300 more full-time jobs in December 2024 compared to a month earlier. A loss of 400 part-time positions led to a decrease of 100 total jobs in December.

Full-time employment was still down 3,000 jobs from the peak in January 2013 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 6.8% as of December 2024, up 0.1% from the previous month. The unemployment rate stood 6.9% below the peak from July 2020 and is below the long-run average.

There were 1,200 more full-time jobs in December 2024 compared to a month earlier. A loss of 400 part-time positions led to an increase of 800 total jobs in December.

Full-time employment was still down 1,400 jobs from the peak in November 2012 but stood 15,900 jobs above the trough in April 2021.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.


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