Nova Scotia loses 5,200 jobs in past year

January 8, 2016

The loss of 5,200 jobs in the past 12 months illustrates the harm Stephen McNeil’s cuts have had on Nova Scotia’s economy, says NDP Leader Maureen MacDonald.

Today Statistics Canada released its monthly employment figures showing that Nova Scotia lost 5,200 jobs between December 2014 and December 2015.

“Just look at the damage that Stephen McNeil has done by cutting the film tax credit. A vibrant industry that just a year ago employed 2,700 people is now devastated,” says MacDonald. “You can’t cut your way to prosperity and its clear this Liberal government’s austerity agenda has cost our province good jobs.”

MacDonald says to make matters worse Stephen McNeil has made it harder for young people to stay in Nova Scotia.

“First Stephen McNeil cut the Graduate Retention Rebate, a program designed to help new graduates with their debt, then he turned around and allowed university tuition to increase by as much as 30% by removing the cap,” says MacDonald. “This has left a lot of young people with no other choice but to move away. The end result is an aging population and a smaller labour force, which does nothing to promote economic growth.”