Newfoundland Employment Trends
The unemployment rate in Newfoundland and Labrador was 10% as of January 2026, down 0.4% from the previous month. The unemployment rate stood 7.6% below the peak from July 2020 and is below the long-run average.
There were 500 more full-time jobs in January 2026 compared to a month earlier. Combined with a gain of 200 part-time positions, this led to an increase of 700 total jobs in January.
Full-time employment was down 3,700 jobs from the peak in December 2012 but stood 37,800 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 7.7% as of January 2026, down 0.1% from the previous month. The unemployment rate stood 5.8% below the peak from July 2020 but remains above the long-run average.
There were 400 fewer full-time jobs in January 2026 compared to a month earlier. Combined with an unchanged number of part-time positions, this led to a decrease of 400 total jobs in January.
Full-time employment was down 800 jobs from the peak in November 2025.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
