Post-Secondary Education, Training and Labour

New Brunswick's unemployment rate is below national average for second consecutive month (09/11/06)

NB 1757

Nov. 6, 2009

FREDERICTON (CNB) - The unemployment rate in New Brunswick in October was below the national average for the second consecutive month. More than 1,600 New Brunswickers were working in October than in September.

These were the highlights as reported by Statistics Canada in its labour force survey for October.

Minister of Post-Secondary Education, Training and Labour Donald Arseneault said he was very encouraged by the latest positive employment growth figures for New Brunswick.

“These data show that our government's Plan for a Stronger Economy is helping our province to overcome the effects of the global economic downturn that began late last year,” Arseneault said. “Jobs are being created and maintained for New Brunswickers by businesses that are benefiting from our Plan for Lower Taxes in New Brunswick and by our $1.2-billion infrastructure initiative.”

New Brunswick is the only province whose unemployment rate has decreased since the recession began in October 2008. Over the same period, the national rate increased by 2.3 percentage points; Alberta's, by 3.8 percentage points; British Columbia's, by 3.1 percentage points; and Ontario's, by 2.6 percentage points.

New Brunswick's unemployment rate was 8.5 per cent in October. This was 0.4 of a percentage point higher than last month but 0.4 of a percentage point lower than the same month last year.

Employment in October stood at 369,400 - a record high. This was 1,600 more than September and 200 more compared to September last year.

New Brunswick had the second highest employment growth (+ 0.1 per cent) year-over-year, (October 2008 compared to October 2009), second only to Prince Edward Island (+ 1.3 per cent). Nationally, employment decreased by 2.3 per cent; in Ontario, by 3.1 per cent; in Alberta, by 3.3 per cent and in British Columbia, by 2.2 per cent.

Employment growth in October was strongest in the following sectors: accommodation and food services, construction, finance, insurance, real estate and leasing.

09/11/06

MEDIA CONTACT: Lori-Jean Johnson, communications, Department of Post-Secondary Education, Training and Labour, 506-476-0542.

09/11/06