Labour Market Analysis Directorate, Nov 2017

Newfoundland & Labrador, Atlantic Canada

In November, employment declined slightly from the month prior, with full-time employment losses
outweighing part-time gains. Over the same period, the size of the labour force declined by a minimal amount,
resulting in a decrease in the unemployment rate to 14.4%, from 14.5%.

Employment was down by 4,200 jobs compared to a year earlier. The size of the labour force also decreased,
but by an even larger amount and, as a result, the unemployment rate declined by 0.3 percentage points. Most
of the employment losses from a year ago were full-time in nature.

Over the past two years, with the exception of a few occasional gains, employment levels have generally
declined. The decline in employment was fairly consistent from the spring of 2016 to the spring of 2017. The
labour force also declined, but to a lesser extent, resulting in an increase in the unemployment rate. More
recently, the changes in the size of the labour force have been somewhat similar to the changes in employment.
This has created a relatively stable unemployment rate over the past year that is higher than recent years. At 219,000 in July 2017, the level of employment was not only at its lowest level since April of 2010, but was also
27,500 below its record high. The unemployment rate of 15.7% in July 2017 was also the highest since April
2010. Since July 2017, there has been a mild rebound in employment while the labour force has not increased at
the same pace. Despite a corresponding decline in the unemployment rate, it still remains high when compared
to earlier in the decade, when it reached a record low.

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