New Brunswick Real Estate Association

New Brunswick Employment Trends

The unemployment rate in New Brunswick was 7.3% at the end of February 2020, down 0.3% from the previous month to the lowest level since the middle of 2007.

Full-time jobs were up from the end of the previous month to a new monthly record.

There were 2,700 more full-time jobs in February 2020 compared to a month earlier. A loss of 600 part-time positions led to an increase of 2,100 total jobs in February.

Full-time job gains occurred mainly in construction, trade services, and business & building services. 

These gains offset losses occurring mainly in education.

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