Labour Force Survey Monthly

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Labour Force Survey, October 2019

released November 8, 2019

Prince Edward Island Employment

 

Unemployment Rate By Province (seasonally adjusted, in percentage)
Month Can NL PE NS NB QC ON MB SK AB BC
October 2019 5.5 11.1 8.4 8.0 8.1 5.0 5.3 5.3 5.1 6.7 4.7
September 2019 5.5 11.5 8.8 7.2 8.3 4.8 5.3 5.0 5.3 6.6 4.8
October 2018 5.7 12.5 7.2 7.6 7.3 5.3 5.6 6.1 6.1 7.2 4.2
Year-over-Year change (pp) -0.2 -1.4 1.2 0.4 0.8 -0.3 -0.3 -0.8 -1.0 -0.5 0.5
Monthly change (pp) 0.0 -0.4 -0.4 0.8 -0.2 0.2 0.0 0.3 -0.2 0.1 -0.1

Summary

Today’s Statistics Canada Labour Force Survey shows that P.E.I.’s seasonally adjusted unemployment rate was 8.4 per cent in October 2019, remaining below 9.0 per cent for the fourth consecutive month. This is down 0.4 percentage points from last month and up 1.2 percentage points from October 2018. Seasonally adjusted employment in October totaled 78,900, an increase of 2,100 from one year ago and no change from September 2019. The annual increase was due to an increase of 2,600 in full-time employment while part-time employment declined by 400. The number of unemployed persons on Prince Edward Island fell to 7,200, down by 400 from one month ago and up by 1,200 from October 2018. The labour force participation rate stood at 66.3 in October, up 0.8 percentage points from October 2018. The total labour force has increased by 3,300 since October 2018 to total 86,100.

 

The three-month moving average unemployment rate used by the Employment Insurance program for the Charlottetown region was unchanged at 6.5 per cent in October. There is no change in EI eligibility criteria in this region. The rate in the PEI region in October was 11.0 per cent, down from 11.2 per cent in September. This results in an increase in the hours needed to qualify for EI in this region, from 490 to 525 hours and decreases the minimum draw period from 23 to 21 weeks.

 

Nationally, employment held steady in October following two months of growth and the unemployment rate was unchanged at 5.5 per cent. Notable employment increases occurred in Newfoundland and Labrador and British Columbia with little change in other provinces.

 

Employment gains (+)/ losses (-) between October 2018 and October 2019 occurred in the following sectors on Prince Edward Island [1] :

 

Prince Edward Island Employment By Industry

Goods-producing sector:     

-900

Service-providing sector:

+3,100

Agriculture:

+100

Trade (Retail/Wholesale):

0

Other Primary Industries:

-900

Transport & Warehousing:

+200

Manufacturing:

-1,000

Finance, Insurance, Real Estate:

+300

Construction:

+800

Business Services:

+100

Utilities:

+100

Professional, Scientific and Technical:

+300

 

 

Educational Services:

0

 

 

Health & Social Services:

+1,000

 

 

Public Administration:

+1,100

 

 

Information, Culture and Recreation:

-200

 

 

Accommodation & Food services:

+100

    Other Services: +300

[1] Components may not sum to total due to rounding

 

PEI Unemployment Rate                                                                                                                                          

(Seasonally Adjusted)

 

Notes:

  1. The LFS estimates for October are for the week of October 13 to 19, 2019.
  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 December 6, 2019.

Source: Statistics Canada, Labour Force Survey Estimates, released November 8, 2019.

Related downloads for this release:

Monthly Labour Force Survey report - PDF (100KB)

Date de publication : 
le 8 Novembre 2019
Finances

Renseignements généraux

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Téléphone : 902-368-4040
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