Newfoundland and Labrador Association of REALTORS®

Newfoundland Employment Trends

 

The unemployment rate in Newfoundland and Labrador was 9.7% as of June 2025, down 0.1% from the previous month. The unemployment rate stood 7.9% below the peak from July 2020 and is below the long-run average.

There were 1,000 more full-time jobs in June 2025 compared to a month earlier. Combined with a loss of 800 part-time positions, this led to an increase of 200 total jobs in June.

Full-time employment was still down 1,800 jobs from the peak in December 2012 but stood 39,800 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 6.8% as of June 2025, up 0.1% from the previous month. The unemployment rate stood 6.7% below the peak from July 2020 and is below the long-run average.

There were 300 fewer full-time jobs in June 2025 compared to a month earlier. Combined with a gain of 900 part-time positions, this led to an increase of 600 total jobs in June.

Full-time employment was still down 1,500 jobs from the peak in February 2025.

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


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