BUSINESS

New Brunswick Economy Generates 5,300 Jobs In May

06/08/2012 11:06 EDT | Updated 08/08/2012 05:12 EDT
Flickr: scazon

New Brunswick’s unemployment dropped to 9.4 per cent in May as the economy generated 5,300 new jobs, according to Statistics Canada.

There were employment gains for a second consecutive month in May. The national statistics agency reported 356,700 jobs were in the province in May, up from 351,400 in April.

The unemployment rate dropped to 9.4 per cent in May down from 9.8 per cent in April.

By comparison, the economic news for the rest of Canada fell flat.

Canada’s unemployment rate held firm at 7.3 per cent in May.

Statistics Canada said Friday the economy created 7,700 new jobs in May. That wasn't enough to budge the national unemployment rate.

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