Job prospects Owner, Retail Store in Newfoundland and Labrador

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Explore current and future job prospects for people working as an "owner, retail store" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Retail and wholesale trade managers (NOC 60020) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of a few positions.
• Several positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

Employment demand in this occupation is mostly driven by consumer spending in retail operations. Some jobs may require working non-traditional hours such as evenings or weekends. Job prospects will be more favourable for individuals with retail management experience, customer service, knowledge of the employer's business line, and proficiency in computer applications.

Here are some key facts about Retail and wholesale trade managers in Newfoundland and Labrador:

• Approximately 2,900 people work in this occupation.
• Retail and wholesale trade managers mainly work in the following sectors:
  • Other retail stores (NAICS 44-45, except 445): 65%
  • Food and beverage stores (NAICS 445): 23%
  • Wholesale trade (NAICS 41): 11%
• 80% of retail and wholesale trade managers work all year, while 20% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 40 weeks for all occupations.
• 24% of retail and wholesale trade managers are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 52% compared to 51% for all occupations
  • Women: 48% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: 7% compared to 11% for all occupations
  • high school diploma or equivalent: 40% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 13% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 25% compared to 23% for all occupations
  • bachelor's degree: 12% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as an "owner, retail store" Retail and wholesale trade managers (NOC 60020) or across Canada.

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