The unemployment rate in Quebec on the rise

Quebec unemployment rate on the rise

UPDATE DAY

Quebec's unemployment rate was at its highest in August since April, but the province remains the province with the lowest unemployment rate in the country, with an increase slightly less than that of Canada. 

Quebec's unemployment rate fell from 4.1% to 4.5%, an increase of 0.4%, shows monthly analysis by Statistics Canada. The Canadian unemployment rate rose for the first time in seven months, from 4.9 to 5.4%.

At the same time, employment fell by 0.2% in the country, which corresponds to a loss of 40,000 jobs. Some provinces recorded a decline in employment, such as British Columbia, Manitoba and Nova Scotia, while Quebec was the only province to post an increase, in this case by 0.3%.

Ontario, for its part, experienced an increase in the unemployment rate of 0.4% for the month of August, reaching 5.7%, which places the province ahead of Quebec and ahead of Canada. .

Nationally, the number of employees in the public sector declined, while the number of employees in the private sector remained relatively stable.

The average hourly wage of employees increased by 5.4% (i.e. +$1.60) year-over-year in August, while June and July saw increases of 5.2%

This month, more than one in ten Canadian permanent employees planned to leave their job in the next 12 months, an increase of 5.5% compared to January 2022. However, the unemployment rate of immigrants who arrived in Canada in the last five years and the lowest recorded since 2006 (7.6 %).

Unemployment rate by province:

• Quebec: 4.5%/+ 0.4%

• Ontario: 5.7%/+ 0.4%

• Alberta: 5.4%/+ 0.6%

• British Columbia: 4.8%/+ 0.1%

• Manitoba: 5.3%/+ 1.8%

• Saskatchewan: 4.9%/+ 0.9%

• New Brunswick: 7.6%/+ 0.5%

• Nova Scotia: 7.6%/+ 1.7%

• Prince Edward Island: 7.3%/+ 1.6%

• Newfoundland and Labrador: 10.5%/+ 0.8%