Newfoundland Employment Trends
The unemployment rate in Newfoundland and Labrador was 8.8% as of October 2026, down 0.2% from the previous month. The unemployment rate stood 8.8% below the peak from July 2020 and is below the long-run average.
There were 1,300 more full-time jobs in October 2026 compared to a month earlier. Combined with a gain of 800 part-time positions, this led to an increase of 2,100 total jobs in October.
Full-time employment was down 400 jobs from the peak in December 2012 but stood 41,100 jobs above the trough in June 2020.
* All figures are seasonally adjusted, three-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 6.5% as of October 2026, 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 2026 compared to a month earlier. Combined with a gain of 400 part-time positions, this led to an increase of 1,600 total jobs in October.
Full-time employment has recovered since reaching a bottom in January 2026 and now stands at a record high.
* All figures are seasonally adjusted, three-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
