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Friday, October 7, 2011

Unemployment Rate In City Drops

Saint John saw its jobless rate go down from 5.8 to 5.7 per cent last month and the provincial rate has also fallen to just under 9 per cent at 8.9 per cent.

Nationally, 61 thousand jobs were created in September which pushed the unemployment rate down to 7.1 per cent, the lowest it has been since the financial meltdown late in 2008.

 Much of the job gains were due to a seasonal hiring spree in the education sector as schools returned to session.

 The private sector actually shed about 15,000 jobs and the key manufacturing sector lost 23,500 workers.