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Jobboom Index for July

Quebec’s Index drops, but remains excellent

The Quebec employment index only showed a slight variation in June with the loss of 400 jobs. As such, the Jobboom Index dropped 1.4 points to 91.8 %, retaining the excellent status of the previous month. However, since the beginning of the year, the province’s employment gains have been offset by losses.

   JULY 2008
   FORECAST
91.8%



EXCELLENT



This inactivity has had an impact on the good-producing sector, which only succeeded in producing a total of 900 new jobs in June, with the largest gains reported in Utilities (+ 3,300). Meanwhile, losses reported in Agriculture
(-1,500) and Construction (-1,400) offset gains.

The services-producing sector lost a total of 1,200 jobs, with major losses reported in Transportation and warehousing (-10,000) and Trade (-8,300). The highest gains were posted in the following sub-sectors: Information, culture and recreation (+ 14,300) and Business, building and other support services (+ 8,900).

Over the past 12 months, employment in Quebec has grown by 0.5 %.

The Jobboom Index measures job market strength on a monthly basis and compares this performance over the past 120 months. This month’s index ranks 5th out of 120, meaning there were 115 months with weaker indices over the past 10 years. From June 1998 to June 2008, employment in this province has grown by 19 %.


  INDEX
(percent)
EMPLOYMENT SITUATION COMPARED TO JUNE
QUÉBEC 91.8 EXCELLENT -1.4
Ottawa-Gatineau Region 94.6 Excellent 5.3
Québec Region 87.8 Favourable 4.6
Trois-Rivières Region 79.2 Favourable 4.5
Montréal Region 71.0 Fair -5.6
Sherbrooke Region 56.7 Fair -2.8
Saguenay Region 46.3 Unfavourable -5.1