Workforce
Workforce: Stable, Productive And Educated
Labour
For a business that depends on employee stability the Northeast
Avalon offers:
- Highly stable labour force with low levels of employee
turnover and absenteeism for increased productivity and a reduction in training and overtime costs. - Lower retraining costs due to lowest Absenteeism and turnover rates in North America. On average, employees stay 75 per cent longer than American employees.
- Provincial labour force of 253,000 with more than half of them located on the Avalon Peninsula. Average unemployment rate of 18.0 per cent (May 2006).
- St John’s metro Labour force of more than 107,000 (May ’09) Average unemployment rate of 7.5 per cent for St. John’s (May '09)
- 54.3 per cent of population (or 84,600 people) on Northeast Avalon (over15 years of age) have a post secondary degree, diploma or certificate.