The unemployment rate in Quebec falls to lowest level in over 30 years
The province's unemployment rate fell to 7.2% in 2007, its lowest level in more than 30 years. Historically, Quebec's unemployment rate has been much higher than Ontario's, but it has been declining appreciably since 2003, and the gap between the two provinces' unemployment rates was just 0.8 percentage points in 2007.
In 2007, employment in the province grew by 86,000 (+2.3%), its largest gains coming in accommodation and food services, wholesale trade and other services. However, these gains were partially offset by the loss of 38,000 in manufacturing.
Over the past three decades, Quebec's employment rate has been lower than the national average. However, in 2007, it climbed to 61.0%, its highest level in 32 years. Employment growth in Quebec has been strong since 1996, averaging 1.9% per year.
Employment rates in Quebec, 1976 to 2007
Source: Statistics Canada, Labour Force Survey, CANSIM table 282-0002.
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