New Brunswick Real Estate Association

New Brunswick Employment Trends

The unemployment rate in New Brunswick was 7.4% as of December 2022, up 0.5% from the previous month. The unemployment rate stood 4.5% below the peak from June 2020 and is below the long-run average.

There were 2,700 fewer full-time jobs in December 2022 compared to a month earlier. A gain of 2,500 part-time positions led to a decrease of 200 total jobs in December.

Full-time employment was still down 4,700 jobs from the peak in September 2022.

The number of full-time jobs in December was up from the previous month in construction, the financial sector, healthcare, and public administration.

Full-time job losses in December occurred in agriculture, manufacturing, trade services, transportation & warehousing, professional & scientific services, business & building services, education, and accommodation & food services.

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

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