N.B. Sees ‘Most Complete Employment Recovery’ Among Provinces: Statistics Canada
Employment in New Brunswick was at 96.6 percent of the February level, before the Covid-19 restrictions came into place, while Nova Scotia is at 92.7 percent.
Employment in New Brunswick was at 96.6 percent of the February level, before the Covid-19 restrictions came into place, while Nova Scotia is at 92.7 percent.
Unemployment in Halifax, Saint John, Moncton continued to climb last month as the Canadian economy suffered unprecedented job losses brought on by Covid-19.
More than 12,600 businesses responded to the survey conducted by Statistics Canada and the Canadian Chamber of Commerce.
Immigration has been the driving force of the growing economies in cities like Halifax, Moncton, Saint John and Fredericton.
A new Statistics Canada report says the number of people employed in the province increased by 5,000 on a year-over-year basis, driven by those aged 55 and over (24.6 per cent by the end of 2019), compared with 9.3 per cent at the end of 1999.
Moncton gained 100 jobs in November and saw its unemployment rate fall 5.6 percent. Saint John lost 800 jobs and saw its unemployment rate rise to 8.2 percent.
The province saw an increase in full-time jobs and a decrease in part-time jobs in August, as its labour force also expanded.
Statistics Canada said Canadian factory activity beat expectations in June as manufacturing sales fell 1.2 per cent to $58 billion, due to a drop in the petroleum and coal product and food industries.
The employment situation remained somewhat steady in the province’s two CMAs, Moncton and Saint John.
New Brunswick needs to change its mindset as it faces demographic pressures, as well as the changing nature of work and technology globally, panellists at a Moncton event hosted by Statistics Canada say.