Newfoundland Employment Trends
The unemployment rate in Newfoundland and Labrador was 10.2% as of March 2024, down 0.1% from the previous month. The unemployment rate stood 7.2% below the peak from July 2020 and is below the long-run average.
There were 1,400 more full-time jobs in March 2024 compared to a month earlier. A gain of 500 part-time positions led to an increase of 1,900 total jobs in March.
Full-time employment was still down 2,300 jobs from the peak in January 2013 but stood 40,100 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 6.4% as of March 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 1,100 more full-time jobs in March 2024 compared to a month earlier. A gain of 300 part-time positions led to an increase of 1,400 total jobs in March.
Full-time employment was still down 3,700 jobs from the peak in November 2012 but stood 13,500 jobs above the trough in April 2021.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
