BoostNB

How happy are you?

Happiness, or subjective well-being, can be measured in terms of life satisfaction, which involves a favourable attitude toward one's life, rather than an assessment of current feelings. Such measures, while subjective, are a useful alternative to income bases/material measures of well-being such as GDP per capita

What you need to know about life satisfaction in NB:
• Life satisfaction is measured on a scale from 1 - 10, with 10 being very satisfied
• In 2020, 91.3% of New Brunswicker's ranked themselves a 6 or higher
• In 2020, the age group 12 to 17 years experienced the highest life satisfaction at 98.7% being in the 6-10 range
• Over the past 5 years, 93% of Canadians said they were satisfied or very satisfied with their life
• In 2020, comparing life satisfaction across provinces on a 5 year average basis, New Brunswicker's were satisfied only than Nova Scotia

View the full report https://buff.ly/3c2HJkM

Post-Secondary Education (PSE) and Training outlines the rate at which New Brunswicker's are attending and graduating from institutions to receive higher education. New Brunswick should try and close the gap between its own postsecondary education attainment rate and the national average rate

Highlights from the Post-Secondary Education & Training Report:
• The PSE attainment rates in both Nova Scotia and Canada have always been higher than the attainment rate in New Brunswick.
• The number of people graduating from colleges has been decreasing in New Brunswick and Canada, however, there have been more university graduates both provincially and federally.
• The number of females graduating from colleges has declined over time, but the number of female university graduates has increased.
• The younger the population (for adults) the higher the attainment rate in general.

Check out the full report https://buff.ly/3c0nCUm !

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This week BoostNB would like to introduce the Non-Government Employment report!!! BoostNB Student Researcher Tianjiao Yang updated the report on Non-Government Employment for BoostNB this past summer! She has written the blurb below with what she feels is the most important information!

Non-government employment is an important sector of employment. In New Brunswick, most of the labour force is employed in the non-government sector. The non-government sector provides an opportunity for employed individuals to collect income for consumption and investment. It also helps the government to collect more tax to pay for social services, infrastructure, education, etc.

According to Statistic Canada, in 2021, approximately 71% of New Brunswick’s employees were employed in the non-government sector. Of these non-government employees, over 60% were male in 2021. New Brunswick’s non-government employment growth trend had been steadily growing since 1976 until the 2007/2008 housing crisis recession. After 2007, the province’s employment in the non-government sector slowly decreased. Therefore, the BoostNB goal for NB to increase its number of non-government employees to the pre-recession growth trend in the near future (to 300,000 by 2028) is not progressing.

View the full report https://buff.ly/3dyLtL8

For more details, feel free to check out www.boostnb.com

BoostNB has set a goal that by 2028, New Brunswick will reverse the negative trend in real non-residential private sector investment and return to 2007 levels.

Here are the highlights from 2022 updated report:
• In 2020, the province’s non-residential private investments were $2,807 per capita below the goal
• Manufacturing had the highest non-residential private investments in the province in 2020
• In 2020, 17.5% of Canadian GDP came from non-residential investments
• New Brunswick’s below moderate performance in business and consumer confidence levels negatively affects investment

Non-residential private sector investment is an important economic driver because it determines levels of labour productivity and labour demand.

View the full report https://buff.ly/3PsFEMC!