Quebec’s Unemployment Rate

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Statistics Canada has released an astonishing survey of the labour market. In April, the unemployment rate in Quebec hit 17%, “the highest rate in the province since comparable data became available in 1976, and the highest among all provinces,” the government agency writes. “Compared with February, employment declined by more than 10% in all provinces, led by Quebec,” with a loss of a staggering 821,000 jobs.

Nationwide, the “unemployment rate rose 5.2 percentage points in April to 13%.”

In the Montreal census metropolitan area, “the unemployment rate was 18.2% in April, an increase of 13.4 percentage points since February.”

The city also “recorded the largest decline” in employment — 404,000 jobs lost — of Canada’s three largest cities.

These young adults, Statistics Canada notes, are “more likely to hold less secure jobs in hard-hit industries such as accommodation and food services.”

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The labour force survey also offered insight into Canadians’ mindsets.

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As provinces move to gradually reopen businesses, they may also need to consider measures to revive their economies and further aid unemployed residents.

source mtlblog

BUSINESS      QUEBEC       LABOUR FORCE         UNEMPLOYMENT       CANADA

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