(Quebec) The metropolitan area of Quebec (CMAs) has the lowest unemployment rate in Canada at 4.3% in July, Statistics Canada said in its monthly report. The region has resumed its dominance in employment in the country.
At the same time, the region has created 2,900 jobs this month for a total of 435,400 jobs, a monthly increase of 0.7%. This is the second consecutive increase.
In his comments, Louis Gagnon, Senior Economist at Quebec International stresses that “the region filled much of the cumulative delay earlier this year and enjoyed a gradual increase of the active population (0.9% in July)” .
Regain in services
He also noted that the service sector showed renewed activity. “All the professional, scientific and technical as well as financial services and insurance, have kept an upward trend after a weak period that had stretched until May.”
As for the commercial sector, Mr. Gagnon said that he continues to be very attractive to job seekers. While manufacturing and construction remain stable.
In his view, “another signal that supports the strength of employment in Quebec is improving full-time job, especially on the side of workers aged between 15 and 24 and between 25 and 54 years. The latter age group also remains in high demand while the unemployment rate (not seasonally adjusted) was 3.5% in July. ”
By cons, it states that “the availability of labor remains a major concern,” may “affect the performance of the labor market in the region is still not immune to potential turmoil by the end of the year. ”
At 7% provincial
In Quebec, the number of jobs fell by 4,000 in July, but the unemployment rate remained at 7%.
For all the countries Statistics Canada notes that employment fell by 31,000 (0.2% decrease) in July. The unemployment rate rose 0.1 percentage point to 6.9%. The number of full-time employment fell by 71,000 from June to July, while part-time jobs increased by 40,000.