New Brunswick's unemployment rate falls below 10 per cent
2,700 new jobs drive decline of 0.6 percentage points in June
New Brunswick saw its unemployment rate fall below the 10.0 per cent threshold for the first time in four months with a drop of 0.6 percentage points in June.
Statistics Canada's monthly labour force survey for June puts the province's unemployment rate at 9.6 per cent, down from 10.2 per cent in May.
The last time New Brunswick's unemployment rate registered below 10.0 per cent was in March 2014 when it was 9.7 per cent.
The drop in the provincial rate was driven by an increase in employment, with the creation of 2,700 jobs in June, including 1,000 full-time positions. The increase boosted employment gains over the year to 5,600 jobs, representing an increase of 1.6 per cent.
Nationally, there was little change in unemployment in June as the rate rose 0.1 per cent to 7.1 per cent. The increase nationally is attributed to more people looking for work.
Only Prince Edward Island registered a larger decrease than New Brunswick in June's unemployment statistics. The rate in P.E.I. plunged 2.4 per cent to sit at 9.8 per cent.
The other Atlantic provinces saw declines of 0.2 percentage points in their rates. In Newfoundland and Labrador, the rate sits at 12.5 per cent while Nova Scotia's rate is 8.7 per cent.