Post-Secondary Education, Training and Labour

Largest year-over-year decrease in jobless rate in Canada (10/04/09)

NB 506

April 9, 2010

FREDERICTON (CNB) - New Brunswick has experienced the largest year-over-year decrease in unemployment rate in Canada: a reduction of 0.9 percentage points.

These were the highlights as Post-Secondary Education, Training and Labour Minister Donald Arseneault reported on New Brunswick's results in the labour force survey for March from Statistics Canada.

"I am pleased to see that New Brunswick has had the largest year-over-year drop in the unemployment rate when compared to other provinces," said Arseneault. "Moreover, I am encouraged that employment levels have increased every month since January."

New Brunswick's unemployment rate was 0.4 of a percentage point lower than the previous month.

New Brunswick's unemployment rate held steady in March at 8.7 per cent. A total of 366,500 New Brunswickers were working, 600 more than in the previous month and 1,800 more than the same month last year.

New Brunswick's labour force stood at 401,300 in March, 1,300 less than the previous month and 2,000 less than the same month last year. The decrease in the labour force both month-over-month and year-over-year was due to a decrease in the number of unemployed.

"Our government continues to focus on growing our economy," said Arseneault. "Our plan for lower taxes will continue to help the province's companies grow, and it will attract outside investment. New Brunswickers have consistently demonstrated confidence in our economy, which is evidenced by our strong employment numbers. We are on the right track in achieving our goal of self-sufficiency by 2026."

The top growth industries year-over-year were information; culture and recreation; other services; and transportation and warehousing.

10/04/09

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

10/04/09