The monthly labor force report of statistics Canada is out. New Brunswick has recorded a small dip in the unemployment rate in March. It is now at 8% when compared to 8.2% last month.
The major issue is that 1,800 people in New Brunswick lost their jobs in March, despite the unemployment rate showing a slight dip. As many as 2700 full-time employees in NB lost their jobs in March. There was an addition of 900 part-time jobs.
There was an addition of 32,000 jobs in March as far as the Canadian economy is concerned. The jobless rate in Canada did not increase or decrease and stands at 5.8% in March as well.
About 68,000 full-time jobs were added by the Canadian economy in March and about 35,000 part-time jobs were lost in the last month. The Canadian job sector is doing good as Canada has added about 296,000 jobs in the last 12 months.
The unemployment rate in Oromocto and Fredericton areas saw a steep increase from the March figures of 2017. It now stands at 9.4 percent when compared to just 6.9 percent in 2017.
The Mira Michi and Campbell ton areas in the province are the ones having the highest unemployment rate. It is now at 14.4 percent.