Department of Finance
 
Department of Finance
Four of Five Regions Report Employment Growth
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  • Four of five regions in the province posted employment increases in 2004, ranging from 800 in Fredericton-Oromocto to 3,300 in Campbellton-Miramichi. The Edmundston-Woodstock region was the only area to experience a decline in employment, down 300 jobs.

  • Campbellton-Miramichi boasted the highest employment growth, which served to push its unemployment rate down a full percentage point. Nevertheless, the rate remained highest among the regions at 15.6%. Moncton-Richibucto and Saint John-St. Stephen both registered improvements in their rates, with the latter posting the largest drop. The unemployment rates in Fredericton-Oromocto and Edmundston-Woodstock deteriorated from the previous year, but both still fell below 9.0%.

  • Labour force participation rose in three of the five regions. Campbellton-Miramichi, with the lowest participation rate among the regions, exhibited the largest increase (rising 2.6 percentage points to 57.5%). The Saint John-St. Stephen and Edmundston-Woodstock areas saw their participation rates decline to 64.0% and 63.0% respectively.

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