Labor Market
The Prince Edward Island labor market has been resilient with its workforce and employment rate reaching record levels in recent months
Despite both indicators having declined in January 2022, by 1.4% and 3.5%, respectively, they remain considerably higher compared to the previous year. A total of 47,500 people were not in the island's workforce as of January 2022, which is nearly 12% higher than it was in February 2020, just before the pandemic. This means that there are still around 5,000 people left who had some kind of ties in the job market before the pandemic, but remain uncommitted or are not looking for a job, showing an opportunity for immigrants.
The construction industry did relatively well and job vacancies in the last month continue to come from strong activity in this segment. Applications for residential construction permits increased by 28% in 2021 and the number of new homes in 2022 is 42% higher than in 2021. Ilha's employment base totaled 80,600 vacancies in January 2022, and is slightly down from the previous month. The impact of the recent pandemic restrictions was felt across the market.
Why choose Prince Edward Island to live?
Have you ever thought about living on an island? Everyone who lives in PEI can feel these characteristics, like the sea salt in the air, the red cliffs that surround the coast and the beaches.
It's a place that locals take pride in sharing their Scottish and Irish history and traditions. The island's culture is diverse and rich and you will be able to prove it through the food, handicrafts, music, in the city tours and historical areas.
The best part is the beaches, with 1100 kilometers of coastline, and you can choose the south side of the island with warm water and red sand, or the north side with white sand and the sea ideal for surfing, in addition, the island too It has pastoral settings with large agricultural lands.
The province offers small-town peace of mind, no rush hour, low crime and quality education to students from around the world who can enroll in specific programs at its 62 public schools. High school students can choose from a variety of subjects including Arts, Business Education, Vocational Education, Career and Technical Education, Communication and Information Technology, French, Cooking, English, Language Arts, Mathematics, Physical Education, Science, Social Studies.
