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Jobboom Index for December
Province maintains “favourable” employment status despite weak job creation
Following losses of 11,800 jobs in October, Quebec gained 1,800 over the past month according to Statistics Canada—too small an increase to prevent a slight drop in this month’s Jobboom Index (-0.7). December’s forecast is also influenced by the historical pattern of the past ten years showing a decline in job creation for this time of the year. For the most part, new jobs were created in the Finance, insurance, real estate and leasing sector as well as in the Trade services sector. Year-to-date job creation in Quebec now stands at 40,600.
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The Jobboom Index measures job market strength compared to the previous 120 months. This month’s Index ranks 10th out of 120. In other words, over the past ten years, there were 110 months with weaker Indices. From November 1994 to November 2004, the number of jobs in Quebec grew by 19 percent, from 3,131,300 to 3,722,500.
Census Metropolitan Area highlights (CMA)
This month’s regional forecasts are down in all CMAs with the exception of Ottawa-Gatineau, claiming the lead ahead of Sherbrooke, and of Trois-Rivières. Ottawa-Gatineau’s Index jumps ahead 7 points mainly as a result of 7,100 new positions created in November. Meanwhile, Montreal suffers its 5th consecutive drop (-2.1) since April, with a year-to-date employment deficit of 11,500 jobs.
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INDEX
(percent) |
EMPLOYMENT SITUATION |
COMPARED TO NOVEMBER |
| QUÉBEC |
88.7 |
FAVOURABLE |
-0.7 |
| Ottawa-Gatineau Region |
84.6 |
Favourable |
7.0 |
| Sherbrooke Region |
82.4 |
Favourable |
-2.8 |
| Montréal Region |
79.7 |
Favourable |
-2.1 |
| Québec Region |
76.7 |
Favourable |
-3.8 |
| Saguenay Region |
74.7 |
Fair |
-4.3 |
| Trois-Rivières Region |
49.6 |
Unfavourable |
3.1 |
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