The 2023 Economy in Review report underscores a year of robust progress for New Brunswick, showcasing substantial advancements across key economic indicators. According to the findings, the province experienced a commendable 1.3% economic growth rate, consistent with the previous year's performance. Finance Minister Ernie Steeves emphasized the province's resilience and steady expansion amid broader economic challenges.

Notably, New Brunswick's population surged by an impressive 3.1%, reaching an all-time high, primarily fueled by increased immigration. This demographic uptick has not only bolstered community diversity but also contributed to the province's economic vitality.

In terms of employment, New Brunswick saw a remarkable uptick of 3.5%, with a record-breaking 386,500 jobs created across various sectors. The unemployment rate concurrently dropped to a historic low of 6.6%, underscoring the province's growing employment opportunities and economic stability.

Investment in building construction soared to $3.8 billion, marking a notable 9.3% increase from the previous year. Total capital investments also rose to $5 billion, reflecting growing confidence and substantial financial commitments in New Brunswick's development initiatives.

This upward trajectory in economic metrics positions New Brunswick as an increasingly attractive destination for individuals and businesses seeking growth opportunities and a high quality of life within Canada.

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