Newfoundland and Labrador Province Profile

Federal and provincial government invests in employment and training programs; housing starts and sales are forecast to decline in 2009, then recover in 2010 while home prices steadily rise; unemployment is among highest in the nation.

• Province job growth fell 0.1% in September 2009 from a year ago; national job growth fell 2.1%.
• Province unemployment averaged 15.3% in September 2009; the national average was 8.4%.
• Average weekly earnings rose 6.0% to $805 in July 2009 from a year ago.
• Provincial revenue rose 16.5% in FY 2009 from the previous year.
• Exports fell 44.3% to $4.8 billion in the first seven months of 2009 from a year ago.