New Brunswick Employment Trends

The unemployment rate in New Brunswick was 6.7% as of October 2024, down 0.1% from the previous month. The unemployment rate stood 6.2% below the peak from June 2020 and is below the long-run average.

There were 900 more full-time jobs in October 2024 compared to a month earlier. A loss of 500 part-time positions led to an increase of 400 total jobs in October.

Full-time employment was still down 1,700 jobs from the peak in June 2024 but stood 900 jobs above the trough seen last month.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the New Brunswick Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the New Brunswick Employment Trends assumes any responsibility or liability. Copyright ©2024. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

New Brunswick Real Estate Association