Newfoundland and Labrador Association of REALTORS®

Newfoundland Employment Trends

The unemployment rate in Newfoundland and Labrador was 12% as of April 2022, down 0.7% from the previous month. The unemployment rate stood 4.6% below the peak from July 2020 and is below the long-run average.

There were 200 fewer full-time jobs in April 2022 compared to a month earlier. A gain of 3,200 part-time positions led to an increase of 3,000 total jobs in April.

Full-time employment was still down 17,100 jobs from the peak in January 2013 but stood 25,200 jobs above the trough in June 2020.

The number of full-time jobs in April was up from the previous month in utilities, construction, transportation & warehousing, information & cultural services, and public administration.

Full-time job losses in April occurred in trade services, professional & scientific services, business & building services, education, healthcare, and accommodation & food services.

* 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 6.9% as of April 2022, down 0.5% from the previous month. The unemployment rate stood 5.3% below the peak from July 2020 and is below the long-run average.

There were 400 more full-time jobs in April 2022 compared to a month earlier. A gain of 2,200 part-time positions led to an increase of 2,600 total jobs in April.

Full-time employment was still down 7,200 jobs from the peak in November 2012 but stood 10,700 jobs above the trough in April 2021.

The number of full-time jobs in April was up from the previous month in utilities, construction, trade services, professional & scientific services, education, information & cultural services, accommodation & food services, and public administration.

Full-time job losses in April occurred in agriculture, natural resources, manufacturing, transportation & warehousing, the financial sector, business & building services, and healthcare.

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