Employment in Newfoundland and Labrador increased in February 2013. The number of people employed totalled 223,800 – representing an increase of 6,700 persons or 3.1% relative to February 2012.
The participation rate increased 1.0 percentage points to 60.0%. This led to a 1.7% increase in the labour force. Because the increase in employment was higher than the gain in the labour force, the unemployment rate decreased. The unemployment rate was 13.0% in February, down 1.2 percentage points from February 2012.
Employment gains were recorded in several industries, including: construction (up 3,100); other services (up 2,800); health care and social assistance (up 2,000); and transportation and warehousing (up 1,800). Employment decreased in several industries including: professional, scientific and technical services (down 2,500); and trade (down 1,500).
On a year-to-date basis (January to February), employment averaged 221,900, a 3.4% increase over the same period of 2012.
The Department of Finance’s March 2013 forecast projects employment to increase by 2.8% and the unemployment rate to average 11.5% in 2013.
|Labour Force Characteristics|
|Newfoundland and Labrador
|Labour Force (000s)||252.9||257.3||1.7%|
|Unemployment Rate (%)||14.2||13.0||-1.2pts|
|Participation Rate (%)||59.0||60.0||1.0pts|
|Employment Rate (%)||50.7||52.2||1.5pts|
|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
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