Labour MarketThe labour market of Prince Edward Island has become, along with its overall economy, more dynamic and diverse in the past decade. The primary industries of farming, fishing and tourism continue to be prominent with four innovative sectors - aerospace, bioscience, renewable energy and information technology - strengthening opportunity across the full range of the economy.
The Economic Progress Report of November 2010 indicates that Prince Edward Island employment has averaged 71,500 people through September 2010, an increase of 3.5 per cent from the same period in 2009. Total wages and salaries have grown 1.9 per cent year-to-date through June 2010.
Primary and seasonal industries -- agriculture, fishing, and forestry – remain very important aspects of the PEI economy and sustain many jobs and businesses directly and indirectly. Tourism has grown in most years since the advent of the Confederation Bridge and provides employment for many during the May to September season.
Over the past decade, the skill demands of the PEI economy have risen. At the same time, the population is aging, the birthrate is declining and many educated youth are leaving the province. These trends are interacting with rising skill demands to create a dramatic and pivotal shift in the labour market. Today and for the future, the key issue for Prince Edward Island is shortages of skills and labour.
There is great opportunity in traditional occupations and innovative careers in Prince Edward Island.