Monthly labour market report

The employment data for July has been published by Statistics Canada. New Brunswick dropped 3,200 jobs in July compared to June. On the whole, year over year, the total employed population growth in New Brunswick is similar to the national average – which is better than 90% of the last 20 years. That’s a good thing, to be sure.

But if you look at a two, three, four, five, etc. year trend, we are well below the national job creation levels.

So, let’s cross our fingers.

This entry was posted in Uncategorized. Bookmark the permalink.

0 Responses to Monthly labour market report

  1. Anonymous says:

    I appreciate that employment data has been used as a traditional economic indicator. However, politics has ruined the meaning of it by becoming so focused on job creation. It is tough to get excited about 100, $9.00 jobs being created. Sure it is nice and helps many but should it remain front page news? I’d like to see headlines about the creation of 9, $100k/year jobs.

    The time has come to drop the focus on job creation. After all, if you drill into the detail, we do not really want job creation do we?

    China is an enormous job creation machine but not too many people from here are immigrating for the $1/hour jobs being created in sometime adverse labour conditions.

    If we want our standard of living to improve, we need to be creating high value employment. We need to be focused on wealth creation.

  2. David Campbell says:

    I must be getting old. The Minister actually mentions the 3,200 drop in employment in July. Hopefully, you can access this link:

    http://www.gnb.ca/cnb/news/pet/2007e1015pe.htm

    The tone is actually quite tempered given the fact that there have been many down months where the government press release doesn’t even mention the down figures.

    Like I said, maybe I am getting old.