N.B. job rate dips
Unemployment rate falls to 8.7 per cent, even with 4,600 more people in workforce
By James Foster
Times & Transcript Staff
Published Saturday December 6th, 2008
New Brunswick's unemployment rate fell last month despite a big influx of new people entering the workforce.
Province-wide, the labour force increased by 4,600 people compared to the same month last year, said Minister of Post-Secondary Education, Training and Labour Donald Arseneault, but the unemployment rate still fell to 8.7 per cent from 8.8 per cent in October.
Overall, fewer people were employed in November in this province, Statistics Canada's monthly report says.
"With today's economy and pressures on our markets, it is especially important that we monitor these numbers so we can be fully prepared for any possible adjustments to employment programs, if necessary," Arseneault said.
"We want to ensure that New Brunswickers have the tools they need to be engaged in our labour force."
Still, Metro Moncton generates the most jobs and has the biggest participation rate in the labour force, defined by the most people either working or looking for work.
Metro's participation rate is 78,000, or 71 per cent of the working-age population. For the sake of comparison, the province's second largest participation rate is seen in Fredericton, at just less than 52,000 or 70.7 per cent.
Metro also boasts the lowest unemployment rate in the province, at 3.6 per cent, and the highest employment rate at 68.4 per cent. Fredericton was second, at four per cent and 68 per cent, respectively.
Metro has about 2,800 unemployed people, slightly more than second-place Fredericton's 2,100,
In all, 367,400 New Brunswickers had jobs in November, down by 1,800 from October and down by 1,600 compared to November of last year. The labour force stands at 402,300 people either working or looking for a job.
Nationally, the big hit to the manufacturing sector due to a worsening economy, in particular in the United States where most goods are exported, cost thousands of jobs. Ontario shed 66,000 jobs of the national total of 70,600 lost jobs.
While New Brunswick's unemployment rate improved, it still trails that of other provinces except for Prince Edward Island (down to 10.7 per cent from 11.5 per cent) and Newfoundland and Labrador (steady at 13.7 per cent.)
Nova Scotia recorded the fourth worse rate at 7.8 per cent, up from last month's 7.5 per cent.
Stats Can says year-over-year in New Brunswick, jobs have been lost in areas such as manufacturing and in the sector of information, culture and recreation. Most of the new jobs were created in public administration, health care and social assistance.
About 5,700 jobs have been created this year in southeastern New Brunswick, the statistics show, with another 1,500 in the northwest.
The central region was almost unchanged.
In the southwest, 2,800 jobs were lost as well as 3,100 in Saint John.