June 5, 2009
FREDERICTON (CNB) - New Brunswick experienced the smallest unemployment rate increase in the country last month as compared to the same month last year. This was fuelled by strong labour force and employment growth helping the province register an unemployment rate of 8.8 per cent which was up slightly from last May when it was 8.7 per cent.
These were the highlights as Post-Secondary Education, Training and Labour Minister Donald Arseneault reported today on the Statistics Canada monthly labour force survey for May.
"These recent statistics show that New Brunswick's employment rate is remaining stable even in these tough economic times," said Arsenault. "They indicate that capital investments, combined with our recent budget and federal initiatives, are helping to minimize the impacts on our provincial economy."
Other figures released by Statistics Canada revealed that New Brunswick had 365,500 people employed in May. This was 2,300 more than the same month last year, and 1,200 more than the previous month. The labour force stood at 400,600 in May, up by 2,800 compared to the same month last year, representing an increase of 700 compared to April.
"Our government continues to work diligently to create employment for New Brunswickers," said Arseneault. "Combined with our recent plan for lower taxes, these measures will help the province's companies grow, and will attract outside investment."
Employment growth in May was strongest in the following industries: agriculture, education services and construction.
MEDIA CONTACT: Marie-Josée Groulx, communications, Department of Post-Secondary Education, Training and Labour, 506-444-3465.