Newfoundland Employment Trends
The unemployment rate in Newfoundland and Labrador was 10.5% as of February 2025, down 0.1% from the previous month. The unemployment rate stood 7.1% below the peak from July 2020 and is below the long-run average.
There were 500 fewer full-time jobs in February 2025 compared to a month earlier. A gain of 800 part-time positions led to an increase of 300 total jobs in February.
Full-time employment was still down 2,800 jobs from the peak in December 2012 but stood 38,700 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% as of February 2025, up 0.2% from the previous month. The unemployment rate stood 6.5% below the peak from July 2020 and is below the long-run average.
There were 1,300 more full-time jobs in February 2025 compared to a month earlier. A loss of 1,200 part-time positions led to an increase of 100 total jobs in February.
Full-time employment has recovered since reaching a bottom in January 2025 and now stands at a record high.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
