Newfoundland and Labrador unemployment rate hits historic low

Posted: July 11, 2023 10:28 am | Last Updated: July 11th, 2023 8:41 pm
By David Salter



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It’s a number never seen before in this province – at least since records have been kept since the mid-1970s.

According to Statistics Canada numbers released this week, Newfoundland and Labrador’s unemployment rate has dipped below double digits – now sitting at 8.8%.

Newfoundland and Labrador’s unemployment rate fell 1.4 percentage points, from 10.2 per cent in May. Employment in the province increased by over 2,300 positions But the province’s unemployment rate still remains the highest in the country.

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