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Quebec Reports Lowest Unemployment levels

May 2018, 09
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Labour Force Survey

As per the Labor Force Survey estimate in Canada, the Quebec labor market made impressive gains during 2017. There were record 4,223,300 jobs in that year 2017, which was an increase of 90,200 jobs over the year. The growth rate of the job sector was 2.2%, which was better in comparison to Canada (1.9%) and Ontario (1.8%).

This was the first time after 2011, that the employment growth rate was more than 2% in Quebec. During the past ten years, the growth rate was merely 1.1%. The full-time positions increased by 65,400 (+2.0%) and also the part-time employment increased by 24,700 jobs than in 2016 (+3.1%).

There was a growth of 47,400 people in the Quebec labor force during 2017.

Statistics

Moreover the working-age population also increased. As a result the participation rate increased by 1.1 percent and also reached 64.9%. The employment rate increased by 0.9 percent, and stood at 60.9%. The employment growth was high in Quebec compared to Canada in the past three years, but the rate of employment was lower than the average in Canada (61.6%).

The detailed analysis

The detailed analysis of employment rate considering the age group and gender shows the number of employed people. It also reveals all the changes in population size in each group and helps to know the modifications in employment. The employment rates increased in all except in women in the age bracket of 15-24. Furthermore the employment rates in the age group of 25-54 years and also for people above 55 years in 2017 group both among men and women, reached a 20 year record.

The decline in employment rate for women in the age bracket of 15-24 years from 61.4% in 2016 to 60.8% in 2017 had a reason. It was owing to the enrollment for full-time in schools. Here the enrollment rate increased from 65.5% to 68.4% during the year.

Conclusion

These trends are positive and reveal that the province is pursuing the right policies and can deliver excellent results with the passage of time.

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