The employment market declined for the third month in a row in the Quebec City CMA. In October, the region had 422,800 jobs, down 4,800 from September. This drop-off, however, did not wipe out gains made over the past year as the Quebec City CMA has 5,900 more jobs than it did in October 2013. This was the biggest gain among Quebec's metropolitan regions (tied with Sherbrooke.)
The scenario seen in the past months was repeated in October. Nevertheless, ups and downs in the services sector and lower demand for labour in the construction industry had a more pronounced effect on the employment market. The total workforce also decreased for the third month in a row in October (‑1.4%). Since the drop in employment was only 1.1%, the unemployment rate actually dropped from 5.7% in September to 5.4% in October.
Despite a gloomy start to the fall, the employment picture remains favourable to Quebec, as evidenced by the record over the past 12 months. Factors such as economic diversification, signs of recovery in the manufacturing sector and an imminent start to various residential and non-residential projects will support the demand for labour in the coming months.