The region counted 460,200 jobs in the second quarter of 2018, an increase of 2,800 jobs compared to the first three months of the year. Despite a downturn in employment in June, the Québec City area did very well in the beginning of the year. A total of 8,000 jobs were created in the first semester of 2018, a contrast with the job losses observed over the first six months of 2016 and 2017. As for the unemployment rate, it remained low, at 3.8%, a slight rise compared to the 3.6% registered in the first quarter of 2018. This increase is linked to the growth of the labour force. Regarding unemployment, the region still managed to maintain the 2nd rank in Canada, behind Peterborough (2.7%).
From April to May, 2,300 jobs were created in the Québec City CMA, reaching a new high of 463,000 jobs. The excellent start witnessed at the beginning of the year continues in the area, with May marking the 10th consecutive month with growth in the employment sector
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.
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%).
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.
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.
According to The Conference Board of Canada, the real GDP grew 2.4% in the Québec City CMA during the first semester of 2017, reaching $35.1 billion.
The unemployment rate reached a record threshold of 3.8% in August in the Québec City CMA, placing it at the first rank in Canada. In August, the area counted 437,400 jobs, 1,000 more than the previous month.
The Québec City CMA recorded an unemployment rate of 4% in July, a 0.4 percentage point decrease compared to June. This allowed the CMA to reach second rank in Canada.
According to Statistics Canada, $384.9 million were invested in the Québec City CMA in the first half of 2017, a 1.4% rise compared to the first half of 2016. The area observed a rise in capital expenditures for the industrial (+54.2%) and institutional (+28.4%) sectors, while expenditures for the commercial sector slowed down by 13.4%.