As a resident of the Fredericton region, I have an interest in the regional economy and how it is faring. It’s not news (at least it shouldn’t be) that the Fredericton region has not been doing that well on the jobs front. That affects everything from the prospects of local businesses to the tax rates required to fund services.
When Statistics Canada releases its monthly Labour Force reports, the local media tend to focus on things like the unemployment rate, comparisons with this months employment performance in Moncton and Saint John, or a comparison with the previous month/year. Generally, we don’t get the longer term perspective that might be more useful than month-to-month or even year to year comparisons.
Statistics Canada Cansim Table 282-0054 provides rolling three-month averages for economic regions, going back to 1987. I find the data found there to be more useful than the seasonally-adjusted data that are usually provided in media reports.
Let’s look at data from that Table for the period November 2004 thru November 2014 and compare the Fredericton / Oromocto economic region with the Moncton / Richibucto economic region.by