New Brunswick increased the wages in Atlantic Canada

Author: Admin | | Categories: New Brunswick

New Brunswick increased the wages in Atlantic Canada

New Brunswick increased the wages in Atlantic Canada on January 30, 2023, the New Brunswick Government increased the minimum wage to $14.75 per hour, which will be in effect on April 1, 2023. The current minimum wage in the province is $13.75 per hour. This is the third $1 per-hour increase to the minimum wage over the last 12 months. 

 

In 2022, the province temporarily suspended indexing to ensure minimum wage earners receive a livable salary and improve the quality of life for 19,000 such workers (representing 5.7% of workers in the province).

 

Honourable Minister of Post-Secondary Education, Training and Labour Trevor Holder Said:

In terms of New Brunswick’s minimum wage, “our government has made great progress, from indexing adjustments to the consumer price index to making a necessary course correction in 2022 to make us more competitive and raise the standard of living,”

 

About the New Brunswick Atlantic Canada

One of Canada’s thirteen provinces and territories in New Brunswick. One of the four Atlantic provinces, it is also one of the three Maritime provinces. Only this province has French and English as official languages.

 

Quebec neighbors New Brunswick to the north, Nova Scotia to the east, the Bay of Fundy to the southeast, the Gulf of Saint Lawrence to the northeast, and the state of Maine to the west. The Appalachians cover half of New Brunswick’s northern region, which is around 83% covered with forest. The province has a continental climate with snowy weather and pleasant summers.

 

Overview of the Economy of New Brunswick Atlantic Canada

New Brunswick’s population of 798,672 in 2022 increased by an annual 0.8% over the five years prior to that year, ranking it 10th out of 13 provinces and territories in terms of growth rate. The gross domestic product (GDP) of New Brunswick increased by 1.3% during the previous five years to reach $32.3 billion in 2022. In 2022, businesses in New Brunswick employed 306,155 people on average, indicating an employment growth of 0.4% over the previous five years. Manufacturing, Public Administration in Canada, and Real Estate and Rental and Leasing are the top three industries by total employment, and in 2022, the unemployment rate in the entire province was 8.8%.

 

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