Job prospects Assistant Manager - Retail Trade in Prince Edward Island

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Explore current and future job prospects for people working as an "assistant manager - retail trade" in Prince Edward Island or across Canada.

Job opportunities in Prince Edward Island

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be moderate for Retail and wholesale trade managers (NOC 60020) in Prince Edward Island for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

The Island economy is projected to expand at a respectable pace over the forecast period which should support employment growth in this occupation. This is based on the expectation that interest rates will continue to fall which will encourage more consumer spending and business investment. Population growth has been, and continues to be, a key economic driver supporting employment in the sector. However, the announcement by the federal government to reduce immigration targets will mean a slowdown in population growth over the forecast period. Although the impact of this policy is uncertain at this time, it could have a moderating affect on employment growth. Employment demand for this occupation is subject to considerable seasonality, with strongest demand for workers during the busy tourism months.

Job prospects will be more favourable for individuals with retail management experience, proficiency in computer applications and knowledge of the employer's business line. Many smaller-scale operations including some general merchandise stores will continue to be challenged by the growing market strength of large retail chain stores across the province.

Here are some key facts about Retail and wholesale trade managers in Prince Edward Island:

• Approximately 1,250 people work in this occupation.
• Retail and wholesale trade managers mainly work in the following sectors:
  • Other retail stores (NAICS 44-45, except 445): 75%
  • Food and beverage stores (NAICS 445): 13%
  • Wholesale trade (NAICS 41): 8%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 84% for all occupations
  • Part-time workers: 7% compared to 16% for all occupations
• 77% of retail and wholesale trade managers work all year, while 23% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 41 weeks for all occupations.
• 32% of retail and wholesale trade managers are self-employed compared to an average of 13% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 60% compared to 51% for all occupations
  • Women: 40% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: 6% compared to 11% for all occupations
  • high school diploma or equivalent: 35% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 11% compared to 11% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 26% compared to 25% for all occupations
  • bachelor's degree: 17% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 6% compared to 8% for all occupations