Hopefully these numbers will turn around eventually. NB shed more employment last month – just a small amount but nevertheless this makes a continuing jobs slide that has lasted since some time last year.
There were an estimated 361,700 persons working in November (seasonally adjusted). In November 2007 – three years ago – there were 367,600. In November 2008, there were 366,000 people working and in November 2009 there were 368,200. It looks like the impact of the stimulus spending peaked late last year and we are dropping employment ever since.
The unemployment rate topped 10% – it’s now at 10.3% – which is interesting given that just about every employer at the Future NB summit was complaining about a lack of workers around the province.