43 per cent of St. John’s businesses plan to hire in next year

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Board of Trade releases mid-year economic report

Denis Mahoney

The St. John’s Board of Trade’s annual mid-year report says 94 per cent of business owners say local economic conditions are “good” or “excellent.”

“The business community feels strongly that we’re in the midst of a boom and that we’re all feeling the effects of this positive growth,” said board chairman Denis Mahoney, according to a news release from the board.

“Public infrastructure up-grades, record low unemployment, and high retail sales, are all made possible by a successful business climate.”

The survey is meant to provide an overview of the St. John’s business climate in the first half of the year. According to the board, more than 70 businesses responded to the survey in July, representing all areas of the economy.

Other results from the survey:

*   42.9 per cent of businesses anticipating hiring in the next year;

*   44.3 per cent of businesses say their financial position is better than it was in 2013;

*   58 per cent of respondents are concerned about not being able to find qualified workers;

*   71.8 per cent of business owners think immigration is key to meeting future labour needs;

*   60.6 per cent of respondents want an international recruitment strategy for the province.

Mahoney was not available for comment Monday.

 

 

Organizations: Board of Trade

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Recent comments

  • Betty
    August 20, 2013 - 10:55

    Mr Mahoney, What the hell are you talking about? Bring in people from other part's of the world, when we have a healthy works force right here at home. I think it time our government kick them out to work, instead of sending them out a cheque's every two weeks. Just to lay around, Just check the Marne Atlantic, from June till August of this year, Then you know where our tax dollars are going.

  • Joe
    August 20, 2013 - 08:32

    Hope it is on your radar to find out if any of these jobs are created next year. But nice fluff piece anyway.