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Posted: January 2017
Employment Commentary, 2016
Next due: late March 2017

Employment Decreased by 1.5% in 2016

Employment in Newfoundland and Labrador decreased in 2016 over 2015. The number employed totalled 232,600 a decrease of 3,600 persons or 1.5% relative to the previous year.

The participation rate decreased by 0.6 percentage points to 60.5% and the size of the labour force declined by 0.8%. As the size of the labour force did not shrink as much as employment, the unemployment rate increased from 12.8% to 13.4%.

On an industry basis, goods sector employment decreased by 3,600 (down 6.7%) while service sector employment increased by 100 (up 0.1%) in 2016. Within the goods sector, the largest declines were in Forestry, Fishing, Mining, Oil and Gas (down 1,800), and Manufacturing (down 1,600). As for the services sector, employment gains were recorded in Health Care and Social Assistance (up 1,600) and Accommodation and Food Services (up 600). The largest service sector employment losses were recorded in Educational services (down 800), and Professional, scientific and technical services (down 800).

The Department of Finance's September 2016 forecast projects employment to decrease by 4.2% and the unemployment rate to increase to 15.3% in 2017.

Labour Force Characteristics
Newfoundland and Labrador
January-December
Indicator
2015
2016
Change
Labour Force (000s)
270.8
268.7
-0.8%
Employment (000s)
236.2
232.6
-1.5%
Unemployment (000s)
34.7
36.1
4.0%
Unemployment Rate (%)
12.8
13.4
0.6 pts
Participation Rate (%)
61.1
60.5
-0.6 pts
Employment Rate (%)
53.3
52.4
-0.9 pts
pts: percentage point change
Percent and actual changes based on unrounded monthly averages
Source: Statistics Canada, Labour Force Survey and Economic Research and 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 Research & Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca

 
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