February 7, 2023 – Government of PEI: The 2022 Labour Force Survey for Prince Edward Island highlights a record year for employment and wage figures and showcases the strength of PEI’s growing economy.
The Labour Force Survey Annual Report is compiled and published by PEI’s Statistics Bureau in partnership with data collected by Statistics Canada. The survey gives an overview and snapshot of the provincial employment market during the year, and compares those figures to previous years. Highlights for 2022 include:
- Employment increased by 5.4 per cent, or 4,300 persons, to an all-time high of 84,200
- PEI’s unemployment rate averaged 7.6 per cent, down 2.1 percentage points from 2021 and the lowest annual rate on record
- Total unemployed persons on PEI averaged 6,900, a 19.8 per cent decrease from 2021 and the lowest annual number since 1983
- Notable employment gains were seen in Construction (24.1 per cent), Manufacturing (19.7 per cent), and Professional, Scientific and Technical (16.7 per cent).
- PEI’s average weekly wage increased by 6.5 per cent to $1,007.31
Read the full news release here
Read the Labour Force Survey Annual Report here