New Brunswick's jobless rate drops to 10.1%
Province adds 2,900 jobs, loses 2,000 members of labour force
New Brunswick’s unemployment rate dropped to 10.1 per cent in February as the province added 2,900 jobs, according to Statistics Canada’s monthly labour force report.
The province’s jobless rate fell 1.2 percentage points from 11.3 per cent in January. New Brunswick’s unemployment rate has been stuck above 10 per cent since July.
The economy added 4,800 full-time jobs, while it lost 1,900 part-time jobs.
While the province added jobs last month, Statistics Canada also reported that 2,000 people left the labour force.
Premier David Alward said in a statement the monthly jobs report was "good news."
"I was pleased to see some good news on the labour front this morning. But the fact remains there are still too many New Brunswickers out of work and our priority is to create an environment where those who need work can find it," Alward said in a statement.
"That’s why we are working with New Brunswickers to create new jobs and rebuild our economy through responsible natural resource development and investments in innovation."
Moncton posted the lowest unemployment rate of the two largest cities in February.
The city's unemployment rate stood at 6.3 per cent in February, down from 6.7 per cent in January.
Meanwhile, Saint John's unemployment rate fell to 9.6 per cent in February from 9.9 per cent the previous month.
New Brunswick's job gains come as 51,000 new jobs were added across Canada, primarily because of an increase in full-time work.
Statistics Canada reported the national unemployment rate remained steady at seven per cent during the month.
Campbellton-Miramichi has highest jobless rate
February's unemployment rate was higher in four of the five province’s economic regions compared to the same month last year.
The highest unemployment rate remained in the Campbellton-Miramichi region. The northern zone had a jobless rate of 18.9 per cent compared to 16.3 per cent last February.
The unemployment in the Edmundston-Woodstock region moved up to 12.1 per cent last month compared to 11.1 per cent last February.
The Saint John-St. Stephen region’s unemployment rate was 10.6 per cent in February, which is almost two percentage points higher than the 8.8 per cent in February 2012.
Unemployment also moved up slightly in the capital region. In February, the Fredericton-Oromocto jobless rate stood at 9.5 per cent, which was up from 8.6 per cent last year at the same time.
The lowest unemployment rate remained in southeastern New Brunswick.
The region’s unemployment rate even moved down to eight per cent in February compared to 8.1 per cent in February 2012.