October was a good month for the labour market in the Québec City CMA. The region posted a total of 447,700 jobs, up 2,700 from September. In addition to putting an end to three consecutive monthly declines, this gain also marked a new record. Québec City’s unemployment rate (5% vs. 4.9% in September) remained the lowest in the province, as well as among the top Canadian CMAs.
The demand for labour has been increasing in all regional economic sectors since the beginning of the year. Economic diversification, the delivery of a number of major projects and the improving US economy are all supporting the expansion of companies in the construction, manufacturing and services sectors. Demand is even more pronounced in light of employment growth among 25-to-54 year-olds. According to deseasonalized data in October, job creation was up in this age group as unemployment stood at 3.9%. In addition, with an employment rate of 88.8%, Québec City ranks first in Canada, ahead of Regina and Guelph, which shared second place in October (87.1%).
October’s strong performance will enable the region to consolidate the gains made in recent months. It could also act as a springboard, ensuring that 2016 gets off to a good start. It should be noted that the low unemployment rate, particularly among 25-to-54 year-olds, is an indicator of continued high demand for labour in the region. In this regard, nearly a dozen companies will be setting off for France in November to recruit qualified workers with various specializations.