Prince Edward Island Employment Trends

The unemployment rate in Prince Edward Island was 8.4% as of August 2024, up 0.4% from the previous month. The unemployment rate stood 4.8% below the peak from July 2020 and is below the long-run average.

There were 400 fewer full-time jobs in August 2024 compared to a month earlier. A gain of 700 part-time positions led to an increase of 300 total jobs in August.

Full-time employment was still down 700 jobs from the peak in June 2024.

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

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Prince Edward Island Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Prince Edward Island Employment Trends assumes any responsibility or liability. Copyright ©2024. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Prince Edward Island Real Estate Association