Employment Increased by 3.3% in March 2019

Employment in Newfoundland and Labrador increased in March 2019 compared to March 2018. The number employed totalled 219,200, an increase of 7,100 persons or 3.3% relative to 12 months earlier.

The participation rate decreased by 0.1 percentage points to 57.2% and the size of the labour force declined by 0.7%. The unemployment rate decreased by 3.4 percentage point from 16.7% to 13.3%, reflecting an increase in employment and the decline in the labour force.

On an industry basis, employment in the goods sector rose by 300 or 0.7% and employment in the services sector increased by 6,800 or 4.0%. Within the goods sector, gains in employment were in Forestry, Fishing, Mining and Oil and Gas. Within the service sector, the largest employment increases were recorded in Public Administration; Accommodation and Food Services; Health Care and Social Assistance; and Information, Culture and Recreation. The largest declines in employment were in Retail Trade and Other Services.

The Department of Finance’s April 2019 forecast projects employment to increase by 1.2% and the unemployment rate to average 13.1% in 2019.

Labour Force Characteristics
Newfoundland and Labrador
March
Indicator
2018
2019
Change
Labour Force (000s)
254.6
252.7
-0.7%
Employment (000s)
212.1
219.2
3.3%
Unemployment (000s)
42.5
33.5
-21.2%
Unemployment Rate (%)
16.7
13.3
-3.4 pts
Participation Rate (%)
57.3
57.2
-0.1 pts
Employment Rate (%)
47.7
49.6
1.9 pts
pts: percentage point change
Percent and actual changes based on unrounded monthly averages
Source: Statistics Canada, Labour Force Survey and Economic and Project Analysis, Department of Finance

Glossary terms:
Labour Force | Employed | Unemployed | Unemployment Rate | Participation Rate | Employment Rate

Statistical Reference: Statistics used in this analysis were current at the time of writing. For the latest in employment statistics visit the Newfoundland & Labrador Statistics Agency site and the release dates on the Statistics Canada site.

 

Economic and Project Analysis Division, Department of Finance – (709) 729-3255 – infoera@gov.nl.ca