Newfoundland Employment Trends
The unemployment rate in Newfoundland and Labrador was 10.1% as of October 2024, up 0.1% from the previous month. The unemployment rate stood 7.3% below the peak from July 2020 and is below the long-run average.
There were 700 more full-time jobs in October 2024 compared to a month earlier. A loss of 1,200 part-time positions led to a decrease of 500 total jobs in October.
Full-time employment was still down 3,400 jobs from the peak in January 2013 but stood 39,100 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 October 2024, down 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 1,200 more full-time jobs in October 2024 compared to a month earlier. A loss of 800 part-time positions led to an increase of 400 total jobs in October.
Full-time employment was still down 3,000 jobs from the peak in November 2012 but stood 14,300 jobs above the trough in April 2021.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
