Labour Force Survey: Record-low Unemployment Rate In Quebec In Feb 2020

11 Mar 2020

Quebec province's rates of employment have been on an upswing over the preceding 3 months, and in February, about 66,000 individuals got jobs in the Quebec province.

As a consequence of these gains, Quebec province noticed a historically low rate of unemployment 4.5% last month. This is the lowest since relative Statistics Canada data became accessible in 1976. Most of the jobs given to youth who are aged between 15 to 24 years. The rate of unemployment for this age group decreased to 6.8%, which is also the lowest since relative Statistics Canada data became accessible in 1976.

The rate of employment, as outlined by Statistics Canada, is the number of employed individuals above the age of 15 as a population percentage. The rate for a specific group is the number of employed individuals as a population percentage of that group, for instance, youth aged 15 to 24 years. The rate of unemployment is the number of unemployed individuals as a labor force percentage, both employed and unemployed.

Employment in Other Provinces of Canada

Employment rises were also observed in Nova Scotia, Alberta, and Manitoba. The rest of the nation was little altered. Alberta observed 11,000 jobs filled in the previous month, mostly among youth. The unemployment rate was little modified at 7.2%. Related to last year, Albertan employment was practically unchanged.

Nova Scotia's employment increased by 3,700. The rate of unemployment raised by 0.4% to 7.8%. Employment in Nova Scotia was little altered related to the past 12 months.

Though the rate of unemployment in Manitoba province was virtually unchanged at 5%, about 3,200 more individuals were employed in the month of February 2020. Manitoba province has been witnessing an employment uptrend since Dec 2019.

New Brunswick’s rate of employment was unchanged in the last month, and unemployment dropped to 6.9%.

In Ontario and British Columbia, the rate of unemployment increased as more individuals searched for work in the province of BC and it had a rate of unemployment 5%, and Ontario observed unemployment rate at 5.5% in February.

The unemployment rate in Saskatchewan province went up slightly to 6.2%, however, the rate of employment remain the same.

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