It's not all doom and gloom
q12, the unemployment rate in Moncton
fell to 7.1% from 7.2% and remains below the national average, but thanks for your concern.
In fact, since the Moncton economic region includes all of southeastern NB, including rural Kent County, I would wager that the unemployment rate for the Moncton CMA is considerably less than 7.1%, more likely in the 5.0-5.5% range.
The big issue is the stubborn provincial deficit, thanks mostly to the disastrous Shawn Graham government. To slay this beast will require reigning in government spending which will in turn mean even less economic growth. It's a vicious circle.
