Newfoundland Employment Trends
The unemployment rate in Newfoundland and Labrador was 10.3% as of November 2024, up 0.2% from the previous month. The unemployment rate stood 7.1% below the peak from July 2020 and is below the long-run average.
There were 100 more full-time jobs in November 2024 compared to a month earlier. A loss of 400 part-time positions led to a decrease of 300 total jobs in November.
Full-time employment was still down 3,300 jobs from the peak in January 2013 but stood 39,200 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 6.7% as of November 2024, unchanged from the previous month. The unemployment rate stood 7% below the peak in July 2020 and is below the long-run average.
There were 300 more full-time jobs in November 2024 compared to a month earlier. A gain of 100 part-time positions led to an increase of 400 total jobs in November.
Full-time employment was still down 2,700 jobs from the peak in November 2012 but stood 14,600 jobs above the trough in April 2021.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
