Job prospects Key Holder - Retail Store near Charlottetown (PE)

Over the past few years (2021-2023), there was a labour shortage for Retail sales supervisors near Charlottetown (PE). There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be good for Retail sales supervisors (NOC 62010) in Prince Edward Island for the 2023-2025 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 small number of unemployed workers with recent experience in this occupation.

Employment demand in this occupation is mostly driven by consumer spending in retail operations and is expected to be positive over the forecast period. The Island economy is projected to expand at a respectable pace and continued population growth should support domestic spending on goods and services.

Risk factors that could soften employment demand in this occupation include elevated prices and high interest rates which could reduce consumer spending on non-essential goods and services. Furthermore, the rising popularity of online shopping may also be a limiting factor.

Retail trade supervisors have a younger age profile; therefore, retirements will create few job openings over the next few years. Many vacancies will occur due to turnover as workers leave for other opportunities offering higher pay or more regular hours. Those willing to work a flexible schedule will increase their job potential. Job prospects will be more favourable for individuals with retail management experience, proficiency in computer applications and digital inventory systems, and knowledge of the employer's business line.

Here are some key facts about Retail sales supervisors in Prince Edward Island:

• Approximately 1,250 people work in this occupation.
• Retail sales supervisors mainly work in the following sectors:
  • Other retail stores (NAICS 44-45, except 445): 75%
  • Food and beverage stores (NAICS 445): 20%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 71% compared to 84% for all occupations
  • Part-time workers: 28% compared to 16% for all occupations
• 70% of retail sales supervisors work all year, while 30% 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 44 weeks compared to 41 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 36% compared to 51% for all occupations
  • Women: 64% 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: 53% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 11% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 27% compared to 25% for all occupations
  • bachelor's degree: 7% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 8% for all occupations

Source Labour Market Information | Prospects Methodology