New Brunswick Real Estate Association

New Brunswick Employment Trends

The unemployment rate in New Brunswick was 7.4% as of May 2024, up 0.2% from the previous month. The unemployment rate stood 5.5% below the peak from June 2020 and is below the long-run average.

There were 700 more full-time jobs in May 2024 compared to a month earlier. A gain of 900 part-time positions led to an increase of 1,600 total jobs in May.

Full-time employment has recovered since reaching a bottom in March 2024 and now stands at a record high.

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

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