New Brunswick Employment Trends
The unemployment rate in New Brunswick was 7.1% as of March 2024, up 0.5% from the previous month. The unemployment rate stood 5.8% below the peak from June 2020 and is below the long-run average.
There were 1,000 fewer full-time jobs in March 2024 compared to a month earlier. A gain of 1,100 part-time positions led to an increase of 100 total jobs in March.
Full-time employment was still down 1,800 jobs from the peak in December 2023.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.