Post-Secondary Education, Training and Labour

Province experiences record employment levels and labour force numbers (08/11/07)

NB 1658

Nov. 7, 2008

FREDERICTON (CNB) - The province's labour statistics showed record high levels in October as compared to the same period last year, with 5,100 more people working and over 10,000 more people in the labour force. These were the highlights as Post-Secondary Education, Training and Labour Minister Ed Doherty reported on the monthly labour force survey released today by Statistics Canada.

"New Brunswickers have consistently demonstrated confidence in our economy, which is evidenced by the strong showing in our labour force numbers," said Doherty. "I am especially encouraged by the year-over-year increase in the number of employed New Brunswickers. This is further proof that we are on the right track in achieving our goal of self-sufficiency by the year 2026."

Figures released today show that a record 369,200 New Brunswickers were employed in October, an increase of 2,200 from September. The labour force, which measures the number of people working and looking for work, grew to a record 405,000, up by 6,000 compared to the previous month, and an increase of 10,800 compared to the same time last year.

The unemployment rate in the province was 8.8 per cent in October.

"While I am pleased with these figures released today, we always examine these statistics on a long-term basis," said Doherty. "With the recent downturn in the U.S. economy and other market-based pressures, it is especially important that we monitor these numbers going forward, and adjust our approach to our employment programs and services if need be. We want to ensure that New Brunswickers have the tools they need to be engaged in our labour force and be successful in this place."

Employment growth in October was strongest in the following areas: public administration; utilities; and transportation and warehousing.

08/11/07

MEDIA CONTACT: Elaine Bell, Post-Secondary Education, Training and Labour, 506-453-2568.

08/11/07