Outlook 2020 Key Facts
The Provincial Government is committed to helping ensure everyone can take advantage of opportunities and possibilities that exist in the province now and in the future.
An aging population means more and more workers will be leaving the labour force for retirement, creating job vacancies that must be filled.
New developments, including major projects, will create new job openings:
- Spending on Long Harbour Nickel Processing Facility
- Hibernia South
- White Rose Expansion
- Iron Ore Company of Canada
- Lower Churchill
According to current forecasts, it is anticipated that there will be over 70,000 job openings in the next decade.
Over 62,000 of these job openings will arise from retirements between 2011 and 2020. Approximately 7,700 new jobs will be created.
Over 75 per cent of anticipated job openings will be among:
- Sales and service occupations;
- Business, finance and administrative occupations;
- Trades, transport and equipment operators;
- Management occupations;
- Occupations in social science, education, government service, and religion; and
- Health occupations.
Newfoundland and Labrador has the largest share of workers employed in full-time jobs in the country. On average, workers in this province tend to work more hours per week than elsewhere in Canada, while the average length of time people remain unemployed during the year has been decreasing and is now lower than the Canadian average.
Over the past ten years, the health care and construction industries stand out with respect to their larger size and consistent, above average growth relative to other industries in the province.
The number of post-secondary graduates from both college and university has been on the rise in Newfoundland and Labrador.
- 9.9% of the working age population will have post-secondary education.
Apprenticeship and skilled trades are on the rise in the Province.
The largest shares of new apprentices in NL were:
In 2009 there were over 23,900 jobs advertised for Newfoundland and Labrador.
The largest share of job vacancies by industry were in:
- Retail trade
- Food services
- Public administration industries
Everything points to even further improving job conditions in Newfoundland and Labrador:
- Employment has grown to record high levels
- The number of people in the Labour force each year, either working or looking for work, is higher than ever
- Education levels among the workforce have been increasing
- People are working for longer periods throughout the year
- Wages have been increasing.