The unemployment rate in Saint John dropping last month from 6.3 to 5.8 per cent with the provincial rate also declining from 10.1 to 9.2 per cent. The national unemployment rate rose to 7.3 per cent with the loss of 55-hundred jobs.
Earlier this week the Bank of Canada warned the second half of 2011 would be weaker than previously predicted and that the export sector would face difficulties in foreign markets due to decreased demand and the high dollar.
