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PEI’s post-pandemic job recovery remains strong, but volatile

November 20, 2022 – CBC PEI: The number of jobs on PEI has grown by seven per cent in the last year, and that strong growth following the worst of the COVID-19 pandemic is coming with a lot of change.

In the spring of 2020, about 15 per cent of the jobs on PEI disappeared almost overnight because of transmission prevention measures — about 80 per cent of those jobs from the service sector.

From the beginning, the recovery was erratic, with both the number of jobs and the number of Islanders available for work showing an unusual volatility.

That volatility has continued through 2022, and picked up steam in the last few months.

For example, in 2019 the growth in jobs on PEI was fairly steady. There was growth in eight of the 12 months, with no more than 800 jobs lost and no more than 1,600 gained in any one month. As of October, 2022 featured six months up and three down, but jobs losses have been as high as 3,800 a month and gains as much as 4,300.

Read the full CBC PEI article by Kevin Yarr here

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