In order to put New Brunswick’s job creation (or lack thereof) into perspective, the charts below show job creation (Number of Persons Employed) in selected other provinces, as well as Canada as a whole. All data come from Statistics Canada (Table 282-0054). Data for Canada are the averages of all provinces (Territories excluded). The previous post shows New Brunswick regional data.
Data run from January (JA) to December (DE) for each of the three years. Scroll over the bars to see the actual numbers for that month/year. Note that in both cases, the numbers are three-month rolling averages and are unadjusted for seasonality. By comparing the column heights and numbers for a given month over the three-year period, you can determine the net job creation (or loss) year over year. Those are good indicators as to whether the local economy is growing or not.
Compared to the Canadian average and other provinces, New Brunswick is doing very poorly with respect to net job creation. Poor job creation translates into low levels of tax revenue for governments (meaning revenue inceases for government services may fall below the rate of inflation) and fewer opportunities for small business. That situation is not sustainable.by