July 9, 2010
FREDERICTON (CNB) - New Brunswick's unemployment rate edged up slightly last month to stand at 9.3 per cent. There were 361,600 people working in the province.
"Although I am disappointed with the labour statistics this month, we have to look at this survey over the long term," said Post-Secondary Education, Training and Labour Minister Donald Arseneault. "I am confident that we have put the fundamentals in place to support strong employment growth and produce long term results for the people of our province. This shows in the longer term results to date as there are 10,000 more people working than in October 2006."
Arseneault added that the provincial and global economies have been going through one of the worst economic recessions in history. He said the effects on New Brunswick's economy was tempered by the provincial government investing $1.6 billion in infrastructure over a two-year period creating about 16,000 person-years of work in the province. Arseneault also noted that the province is export-driven and relies on the United States economy, which is experiencing difficulties.
Figures released today by Statistics Canada show the New Brunswick seasonally adjusted unemployment rate for June was 0.5 of a percentage point higher than last month and 0.4 of a percentage point higher than the same month last year. The survey also reported that the labour force stood at 398,700 in June and the employment level was at 361,600.
Year-over-year employment growth in June was strongest in areas positively affected by government stimulus spending: Construction which was up 11.9 per cent, Trade which was up 8.9 per cent, and Transportation and Warehousing which increased 8.2 per cent.
MEDIA CONTACT: Thomas Lizotte, communications, Department of Post-Secondary Education, Training and Labour, 506-453-8617.