Labour Force Survey Monthly
Labour Force Survey, September 2022
released October 7, 2022
Prince Edward Island Employment
Unemployment Rate By Province (seasonally adjusted, in percentage)
|Year-over-year change (pp)||-1.8||-3.5||-3.0||-1.9||-2.6||-1.3||-1.7||-1.2||-2.3||-2.6||-1.6|
|Monthly change (pp)||-0.2||-1.0||1.0||-1.4||-0.9||-0.1||0.1||-0.8||-0.8||0.1||-0.5|
Statistics Canada’s LFS shows P.E.I.’s seasonally adjusted employment in September totalled 81,900. This is an increase of 2,400 from one year ago and down by 3,800 from August 2022*. The seasonally adjusted unemployment rate was down 3.0 percentage points from September 2021 to 8.3 per cent. This is up 1.0 percentage point from August 2022. The total labour force has decreased by 400 (-0.4 per cent) compared to September 2021 and by 3,100 (-3.1 per cent) compared to August 2022.
The year-over-year increase in employment was due to an increase of 3,000 (25.6 per cent) in part-time employment, while full-time employment decreased by 600 (-0.9 per cent). The services sector saw an increase of 300 as compared to September 2021, while the goods-producing sector increased by 2,000 over the same period (see table below for year-over-year employment gains and losses by industry).**
The number of unemployed persons in September on Prince Edward Island was 7,400, up 700 from one month ago and down 2,700 compared to September 2021. The labour force participation rate in September was 63.6 per cent, down 2.7 percentage points from one year ago and the lowest rate since May 2020 at the beginning of the pandemic.
The three-month moving average unemployment rate used by the Employment Insurance program for the Charlottetown region was 5.5 per cent in September, up from 4.4 per cent in August. The minimum draw period and hours needed to qualify remain at 14 weeks and 700 hours for this region. The rate in the PEI region in September was 9.6 per cent, up from 9.1 per cent in August. The minimum draw period and hours needed to qualify remain at 20 weeks and 560 hours. For more information, please refer to Employment Insurance (EI) - Canada.ca.
Nationally, employment was little changed in September (-0.1 per cent) as compared to August. The unemployment rate decreased 0.2 percentage points to 5.2 per cent as there were fewer people looking for work. At the industry level, declines occurred in the goods-producing sector (-0.6 per cent), while employment in the services-producing sector increased slightly (0.3 per cent). Fewer people were working in Ontario, Prince Edward Island, and Saskatchewan, while employment increased in all other provinces with little change in Quebec.
National average hourly wages for employees rose 5.2 per cent ($1.57) on a year-over-year basis in September. By province, year-over-year wage growth was highest in September in Prince Edward Island (8.4 per cent; $2.14), New Brunswick (8.2 per cent; $2.07), and Quebec (6.5 per cent; $1.88).
Unadjusted for seasonality, the national three-month moving average unemployment rate in September was 5.3 per cent. The rate for population groups designated as visible minorities was 6.7 per cent. Visible minority groups for which the rate is higher than the average were Latin American Canadians at 10.7 per cent, West Asian Canadians at 9.8 per cent, Black Canadians at 8.3 per cent, and Chinese Canadians at 6.9 per cent.
Employment gains (+)/ losses (-) between September 2021 and September 2022 occurred in the following sectors on Prince Edward Island:
|Goods-producing sector||2,000||Service-providing sector||300|
|Other Primary Industries||-600||Transport & Warehousing:||-1,300|
|Manufacturing||1,600||Finance, Insurance, Real Estate:||-100|
|Utilities||-200||Professional, Scientific and Technical:||200|
|Health & Social Services:||1,200|
|Information, Culture and Recreation:||700|
|Accommodation & Food services:||-1,200|
PEI Unemployment Rate
* Post-tropical storm Fiona struck the Atlantic provinces and the Eastern Quebec region of Gaspésie-Magdalen Islands on September 23, after the LFS reference week.
** Components may not sum to total due to rounding
1. The LFS estimates for September are for the week of September 11 to 17, 2022.
2. The LFS estimates are based on a sample and are therefore subject to sampling variability. For more information, see the Statistics Canada publication "Interpreting Monthly Changes in Employment from the Labour Force Survey."
3. The next release of the LFS will be on November 4, 2022.
Source: Statistics Canada, Labour Force Survey Estimates, released October 7, 2022.
For more information and links to tables, refer to the Statistics Canada Labour Force Survey release for September 2022.
Related downloads for this release:
Monthly Labour Force Survey report - PDF (100KB)