Unemployment rate rises03 December 2010
FREDERICTON (CNB) - New Brunswick's seasonally adjusted unemployment rate increased to 10.3 per cent in November, up by 0.5 of a percentage point compared to October, according to figures reported by Statistics Canada.
The unemployment rate increased by 1.6 of a percentage point compared to the same month last year.
"These results are concerning," said Post-Secondary Education, Training and Labour Minister Martine Coulombe. "We will monitor the figures closely over the coming months. Our government will continue to address New Brunswick's fiscal situation which will help encourage future business growth and investment in our province and create jobs."
New Brunswick's employment level stood at 361,700 in November, down 400 from October and 6,500 less than the same time last year.
New Brunswick's labour force, which measures those working or actively seeking work, increased to 403,000 in November, which was 1,400 more than in October, but 400 less than the same month last year.
Employment growth in November was strongest in the following areas on a year-over-year basis: information culture and recreation, other services; and trade.