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Jobboom Index for October

Quebec Index remains “excellent” for a 7th consecutive month

Quebec gained 4,300 jobs in September. This modest increase follows two months of rather small fluctuations in employment levels (+ 1,400 in August and -400 in July). As a result, this month’s index drops a slight 0.3 points to 95.7 %. Despite this drop, Quebec maintains its “excellent” employment status for a 7th consecutive month.

After having added 1,400 jobs to its economy in August, Quebec gained 4,300 jobs in September — a rather weak performance compared to the 22,000 new jobs it managed to create in June 2007. The result is a slight drop in this month’s Jobboom Index: -0.3 %. Nonetheless, Quebec holds on to its “excellent” employment status for a 7th consecutive month. Overall, employment in Quebec has grown by 2.3 % over the past 12 months.

   OCTOBER 2007
   FORECAST
95.7%



EXCELLENT



Last month’s new jobs were created mostly in the services sector (+ 9,600). Behind these net gains, however, are losses in specific sub-sectors: business, building and other support services (-10,600), information, culture and recreation (-6,200), health care and social assistance (-3,600) and trade (-2,000). Meanwhile, job creation was reported mostly in professional, scientific and technical services (+ 10 700), in accommodation and food services (+ 7,500) and in other services (+ 6,700). Employment also got a boost in educational services (+ 7,800) with the start of the school year.

On the other hand, Quebec’s goods-producing sector suffered a net loss of 5,400 positions. While job creation was found mostly in agriculture (+ 4,100), losses were reported mainly in manufacturing (-6,800), construction (-2,500) and utilities (-500).

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 4th out of 120, meaning there were 116 months with weaker indices over the past 120 months. Over this same 10-year period, from September 1997 to September 2007, employment in Quebec has grown by 21 %.


  INDEX
(percent)
EMPLOYMENT SITUATION COMPARED TO SEPTEMBER
QUÉBEC 95.7 EXCELLENT -0.3
Montréal Region 97.6 Excellent -0.5
Ottawa-Gatineau Region 97.3 Excellent +5.0
Québec Region 93.3 Excellent +1.7
Sherbrooke Region 78.2 Favourable -4.1
Trois-Rivières Region 78.8 Favourable -0.3
Saguenay Region 74.3 Fair -7.8