Environmental Scan - Newfoundland and Labrador: 2022
people lived in Newfoundland and Labrador, an increase of -0.2% from 2020 to 2021. Newfoundland and Labrador represents 1.4% of Canada's total population.
Labour Market Conditions
|Employment rebounded sharply (+2.9%)||
||Participation rate rose substantially (55.9% to 56.7%)||Employment rate recovered (48.0% to 49.4%)|
Show data table: Newfoundland and Labrador monthly employment and unemployment rate
|Unemployment rate (%)|
Source: Statistics Canada Labour Force Survey
Newfoundland and Labrador’s Economic Drivers in 2021
|Retail Spending||Rebound in non-residential investment||Stronger commodity prices|
Show data table: GDP growth rate
|GDP growth rate|
Risks to the Newfoundland and Labrador Economy in 2022
Show data table: Newfoundland and Labrador employment change by industry('000s)'
|Industry (NAICS)||Employment Change ('000s)|
|Health care and social assistance||3.6|
|Wholesale and retail trade||2.0|
|Professional, scientific and technical services||1.1|
|Information, culture and recreation||1.0|
|Forestry, fishing, mining, quarrying, oil and gas||0.9|
|Business, building and other support services||0.4|
|Finance, insurance, real estate, rental and leasing||-0.6|
|Transportation and warehousing||-1.2|
|Other services (except public administration)||-2.2|
|Accommodations and food services||-3.8|
Regional Economic Conditions
- All of the province’s economic regions experienced an employment gain over 2020, mainly in full-time positions. However, employment has not returned to the pre-pandemic levels of 2019 in any economic region.
- Employment growth in the Avalon Peninsula was led by a strong gain in public administration, while accommodation and food services had 3,400 fewer jobs than in 2019.
- Despite employment growth in the South Coast-Burin Peninsula and Notre Dame-Central-Bonavista Bay region, transportation and warehousing fell to its lowest employment level on record going back to 2006.
- Despite higher employment, the West Coast-Northern Peninsula-Labrador region was the only one to have its unemployment rate rise in 2021. This was because the labour force grew at a faster rate than employment.
Show data table: Newfoundland and Labrador employment change by economic region in 2021
|Employment Change ('000s)|
|Newfoundland and Labrador||6.1|
|South Coast-Burin Peninsula and Notre Dame-Central Bonavista Bay||1.9|
|West Coast-Northern Peninsula-Labrador||1.6|
In preparing this document, the authors have taken care to provide clients with labour market information that is timely and accurate at the time of publication. Since labour market conditions are dynamic, some of the information presented here may have changed since this document was published. Users are encouraged to also refer to other sources for additional information on the local economy and labour market. Information contained in this document does not necessarily reflect official policies of Employment and Social Development Canada.
Prepared by: Labour Market Analysis Directorate, Service Canada, Atlantic Region
For further information, please contact the LMI team.
For information on the Labour Force Survey, please visit the Statistics Canada website.
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