Economic News - In February, the Québec City CMA recorded a 1,400 jobs increase, reaching a new high of 453,600 jobs. The vigorous labour market was reflected by the unemployment rate, which reached a new historical low of 3.2%, a 0.1 percentage point diminution compared to January.
Economic News - The construction of non-residential buildings generated $912.6M in investments in the Québec City CMA in 2017, representing an 11.3% increase compared to 2016. Québec City recorded the second highest growth among the eight main Canadian metropolitan areas, just after Winnipeg (+18.4%).
Economic News - According to the Labour Force Survey by Statistics Canada, the unemployment rate reached a historical low of 4.2% in the Québec City CMA in 2017, compared to 4.6% in 2016. Concurrently, the number of jobs has reached a peak of 442,800, thanks to the creation of 4,300 jobs in 2017 compared to 2016.
Economic News - The Québec City CMA recorded a real GDP of $34.8 billion in the third quarter of 2017, a 2.7% growth compared to the same period in 2016. Following the 2.8% growth recorded in the second quarter, this is the first time since 2010 that the CMA was able to record a growth above 2% for two consecutive quarters.