[cbnp]

Originally Posted by cdnguys

Grabbed the latest StatCan employment survey report for May 2024 for NB cities. For some reason they don’t include Fredericton. What’s noteworthy is our labour force grew by a whopping 9,700 (13.8%) in one year! Our participation and employment rates jumped too. Our population grew by 400 in the month of May and 3500 for the rolling 12 months. So that should put current population around 143,000. Hoping that this huge increase in labour force will be followed by a pop in population.

Don’t want to be negative here but based on this chart, even factoring in the population growth, we shed 700 jobs in a month… that’s a huge loss. Anyone know what could’ve contributed to this?

Edit: now realizing my analysis was wrong, the jump in the labour force number is definitely to blame for the increase in unemployment, may have even been a net addition of jobs based on this