percent KEY LABOUR FORCE STATISTICS FOR NEW BRUNSWICK New Brunswick Year-to-Date March 2016 February 2016 March 2015 Labour Force 385,400 384,800 383,900 393,500 Employed 347,700 345,400 346,000 353,800 Unemployed 37,700 39,400 37,900 39,700 Unemployment Rate 9.8% 10.2% 9.9% 10.1% Participation Rate 61.9% 61.8% 61.7% 63.2% Employment Rate 55.8% 55.4% 55.6% 56.9% CANADA COMPARED TO NEW BRUNSWICK In March, Canada's unemployment rate was 7.1 per cent, 0.2 of a percentage point lower than last month but 0.3 of a percentage point higher than the same month last year. New Brunswick's rate of 10.2 per cent was 0.3 of a percentage point higher then last month and was 0.1 of a percentage point higher when compared to the same month last year. UNEMPLOYMENT RATES IN NEW BRUNSWICK AND CANADA 12 11 10 9 8 Canada New Brunswick 7 6 5 Page 1
000's percentage point CANADA COMPARED TO NEW BRUNSWICK (continued) DIFFERENCE IN UNEMPLOYMENT RATES IN NEW BRUNSWICK AND CANADA 5 4.5 4 3.5 3 2.5 2 1.5 The gap between the national and provincial rates was 3.1 percentage points in March. THE NEW BRUNSWICK LABOUR FORCE 400 398 396 394 392 390 388 386 384 382 2014 2015 2016 New Brunswick s labour force was 384,800 in March. This was an increase of 900 over the previous month, but was a decrease of 8,700 over the same month last year. Page 2
000's 000's EMPLOYMENT IN NEW BRUNSWICK 359 357 355 353 351 349 347 345 There were 345,400 people working in March. This was a decrease of 600 over the previous month and was a decrease of 8,400 over the same month last year. UNEMPLOYMENT IN NEW BRUNSWICK 48 46 44 42 2014 2015 2016 40 38 36 34 32 30 2014 2015 2016 There were 39,400 people unemployed and seeking work in March. This was 1,500 more than the previous month but was 300 less than the same month last year. Page 3
% THE UNEMPLOYMENT RATE IN NEW BRUNSWICK 12 11.5 11 10.5 10 9.5 9 8.5 8 7.5 7 New Brunswick s unemployment rate of 10.2 per cent in March was 0.3 of a percentage point higher than the previous month and was 0.1 of a percentage point higher than the same month last year. THE ECONOMIC REGIONS Statistics Canada reports labour force statistics for the economic regions as three month moving averages of actual (not seasonally adjusted) data. Economic Regions March 2016 Northeast Southeast Southwest Central Northwest Labour Force 67,900 110,400 87,900 71,300 38,800 Employment 55,300 100,400 79,100 64,100 35,100 Unemployment 12,600 10,000 8,900 7,200 3,700 Unemployment Rate 18.6% 9.1% 10.1% 10.1% 9.5% Participation Rate 52.8% 62.2% 61.9% 64.4% 60.9% Economic Regions 2014 2015 2016 Employment Year-to-Date March 2016 March 2015 Unemployment Rate Employment Unemployment Rate Employment Unemployment Rate Northeast 57,800 16.7% 55,300 18.6% 55,500 20.3% Southeast 100,900 8.2% 100,400 9.1% 103,600 9.0% Southwest 79,900 9.1% 79,100 10.1% 79,900 9.8% Central 65,300 8.8% 64,100 10.1% 64,900 9.0% Northwest 35,300 9.1% 35,100 9.5% 36,100 11.7% On a year-over-year basis (March 2016 compared to March 2015), employment decreased in the Southeast (-3,200); Northwest (-1,000); Southwest (-800); Central (-800) and Northeast (-200) economic regions Page 4
THE INDUSTRY REPORT April 2016 Labour Force Survey Release for March 2016 360,000 Total employed 357,500 355,000 352,500 350,000 347,500 Total employed peaked in March 2014 at 358,100; since then, employment has decreased by 3.5 per cent, a net loss of 12,700 jobs to the overall economy. As of March 2016, there were 345,400 people employed in New Brunswick. 345,000 Goods-producing sectors 80,000 78,000 76,000 74,000 72,000 70,000 68,000 66,000 Employment in the goods-producing sectors* peaked in March 2014 at 78,100; since then, employment has declined by 9.1 per cent, a net loss of 7,100 jobs to these sectors. As of March 2016, there were 71,000 people employed in these sectors. * The goods-producing sectors in the LFS include all North American Industry Classification System (NAICS) sectors from 11-33. For more information go to: http://www.statcan.gc.ca/ subjects-sujets/standard-norme/special/labour2007-travail2007/lfs-epa-07code-eng.htm 285,000 282,500 280,000 277,500 275,000 272,500 270,000 267,500 265,000 Services-producing sectors Employment in the services-producing sectors** peaked in October of 2015 at 282,500; since then, employment has decreased by 2.9 per cent, a net decrease of 8,100 jobs to these sectors. As of March 2016, there were 274,400 people employed in these sectors. ** The services-producing sectors include all North American Industry Classification System (NAICS) sectors from 41-91. Page 5
THE INDUSTRY REPORT (continued) The five sectors registering the largest employment growth are: Agriculture Current employment level (as of March 2016): 4,200 Record employment level (July 2005): 8,300 Employment in the Agriculture sector bottomed out in May 2014 at 3,200; since then, employment has grown by 31.3 per cent, adding 1,000 net new jobs to the sector. 5,000 4,800 4,600 4,400 4,200 4,000 3,800 3,600 3,400 3,200 3,000 Agriculture Transportation and warehousing Current employment level (as of March 2016): 20,000 Record employment level (June 2005): 22,400 Employment in the Transportation and warehousing sector bottomed out in August 2014 at 15,300; since then, employment has grown by 30.7 per cent, adding 4,700 net new jobs to the sector. 22,000 21,000 20,000 18,000 17,000 16,000 Transportation and warehousing 33,000 31,500 Manufacturing Manufacturing Current employment level (as of March 2016): 29,700 Record employment level (January 2004): 43,200 Employment in the Manufacturing sector bottomed out in May 2014 at 26,200; since then, employment has grown by 13.4 per cent, adding 3,500 net new jobs to the sector. 30,000 28,500 27,000 25,500 24,000 Page 6
THE INDUSTRY REPORT (continued) 12,500 12,000 11,500 11,000 10,500 10,000 9,500 9,000 Information, culture and recreation Information, culture and recreation Current employment level (as of March 2016): 11,600 Record employment level (September 1999): 15,300 Employment in the Information, culture and recreation sector bottomed out in September 2014 at 10,400; since then, employment has grown by 11.5 per cent, adding 1,200 net new jobs to the sector. 16,000 Finance, insurance, real estate and leasing Finance, insurance, real estate and leasing Current employment level (as of March 2016): 15,300 Record employment level (September 2006): 17,400 Employment in the Finance, insurance, real estate and leasing sector bottomed out in September 2014 at 13,900; since then, employment has grown by 10.1 per cent, adding 1,400 net new jobs to the sector. Page 7
THE INDUSTRY REPORT (continued) The five sectors registering the largest employment losses are: Forestry, fishing, mining, oil and gas Current employment level (as of March 2016): 10,300 Record employment level (December 1994): 14,600 The most recent peak in employment in the Forestry, fishing, mining, oil and gas sector was in April 2014, at ; since then, employment has declined by 26.4 per cent, recording a net loss of 3,700 jobs from this sector. 12,000 11,000 10,000 9,000 8,000 Forestry, fishing, mining, oil and gas 31,000 29,000 Construction Construction Current employment level (as of March 2016): 23,300 Record employment level (February 2011): 32,400 The most recent peak in employment in the Construction sector was in March 2014, at 29,700; since then, employment has declined by 21.5 per cent, recording a net loss of 6,400 jobs from this sector. 27,000 25,000 23,000 21,000 Business, building and other support services Business, building and other support services Current employment level (as of March 2016): 16,900 Record employment level (January 2006): 22,800 The most recent peak in employment in the Business, building and other support services sector was in February 2015, at 21,400; since then, employment has declined by 21.0 per cent, recording a net loss of 4,500 jobs from this sector. 22,000 21,000 20,000 18,000 17,000 16,000 Page 8
THE INDUSTRY REPORT (continued) 28,000 27,000 26,000 25,000 24,000 23,000 22,000 21,000 20,000 18,000 Accommodation and food services Accommodation and food services Current employment level (as of March 2016): 22,300 Record employment level (April 2006): 27,000 The most recent peak in employment in the Accommodation and food services sector was in May 2015, at 26,800; since then, employment has declined by 16.8 per cent, recording a net loss of 4,500 jobs from this sector. 18,000 17,000 16,000 12,000 Professional, scientific and technical services Professional, scientific and technical services Current employment level (as of March 2016): 15,900 Record employment level (September 2014): 18,600 The most recent peak in employment in the Professional, scientific and technical services sector was in September 2014, at 18,600; since then, employment has declined by 14.5 per cent, recording a net loss of 2,700 jobs from this sector. Sources: Statistics Canada Labour Force Survey Produced by the Strategic Services Branch (SSB) of the Department of Post-Secondary Education, Training and Labour P.O. Box 6000, 470 York Street, Fredericton, New Brunswick E3B 5H1 Telephone: 506-457-4859 Fax: 506-453-3780 Email: lmi@gnb.ca Page 9