- The Québec City CMA registered its lowest unemployment rate since this data is being monitored (2006) by Statistics Canada. As a reminder, the previous lowest unemployment rate was 2.2%, in June 2019.
- According to Statistics Canada, the region had 448,700 jobs in February, a 1.3% increase (5,800 jobs) compared to January 2023.
- The participation rate also improved slightly, with 3,700 more people in the labour force, a 0.8% increase. This brought the region to a total of 457,400 people in the labour force in February.
- In the province of Quebec and Canada, comparable data shows that the labour market remained stable, with unemployment rates remaining at 4.0% and 5.0%, respectively.
Source: Statistics Canada. Table 14-10-0380-01.
The available data for the Québec City census metropolitan area (CMA) was given special statistical treatment (three-month moving average) due to the small sample size, which has the effect of mitigating the large fluctuations in the data. Thus, the data collected in December and January influenced the estimations published for February. Please also note that we use comparable data for the province of Quebec and the other CMAs in this document.
Decreased unemployment rate
Statistics Canada’s Labour Force Survey revealed that the unemployment rate was 1.9% in Québec City in February 2023. The Québec City CMA set two new records with these latest numbers. Firstly, it is the lowest unemployment rate ever recorded since this data has become available, in 2006. Secondly, according to Statistics Canada’s survey, the region registered the lowest unemployment rate among all 47 CMAs in the province of Quebec and Canada. For comparison, the Victoria CMA registered the second-lowest rate with 3.3%, 1.4 percentage points higher than the Québec City CMA. The unemployment rates for the province of Quebec and Canada were 4% and 5%, respectively.
Statistics Canada estimated that there were 448,700 jobs in the Québec City CMA in February 2023, a 1.3% increase compared to January. Employment increase was lower in the province of Quebec and Canada, at 0.3% and 0.4%, respectively.
Compared to February 2022, the number of jobs in the Québec City CMA increased by 12,400, a 2.7% increase. Employment also grew in the province of Quebec and Canada during that period, increasing by 3.0% and 2.7%, respectively.
A resilient labour market despite labour scarcity
In addition to a lower unemployment rate, data for February 2023 show that the employment rate (64.4%) and participation rate (65.6%) were both on the rise. The progression of the various indicators of labour market participation indicates that the lower unemployment rate is not solely a result of labour scarcity. The region’s labour market continues to generate jobs and remains dynamic.