Post-Secondary Education, Training and Labour

Unemployment rate drops (08/10/10)

NB 1486

Oct. 10, 2008

FREDERICTON (CNB) - The unemployment rate dropped to eight per cent in September, fueled by 3,300 more New Brunswickers working compared to the previous year, Post-Secondary Education, Training and Labour Minister Ed Doherty reported today.

"I am pleased to see year-over-year growth in our employment and labour force," Doherty said. "To achieve self-sufficiency, this government is helping create an environment for economic growth over the short- and long-term. It is important to note that the province's economy, despite pressures and uncertainties elsewhere, has some positive indicators that cause us to be optimistic."

Statistics Canada figures showed last month that the number of employed persons in New Brunswick was 367,000, up by 500 from last month. This is compared to 363,700 during September of 2007. The survey also reported that the labour force grew by 2,200 to 399,000 during this same year-over-year period.

The unemployment rate of eight per cent in September was down 0.4 per cent compared to last month.

"I am encouraged that there were 1,000 fewer unemployed New Brunswickers in the year-over-year breakdown," Doherty said. "For those who are not employed, we will continue to provide assistance skills training and development so that everyone will be participating in our labour force."

Employment growth in September was strongest in the following sectors: utilities, public administration; and forestry, fishing, mining, oil and gas.

08/10/10

MEDIA CONTACT: Andrew Holland, Department of Post-Secondary Education, Training and Labour, 506-444-5655.

08/10/10