The job market seems steadier this fall than it was in the summer. This trend has also been observed across Canada. The region had a total of 430,800 jobs in November, down slightly compared with October (-200). However, the year-over-year record is positive, with a gain of 5,800 jobs since November 2010. In addition, the demand for workers is still quite high, as evidenced by the low unemployment rate in November (4.5%).
As we mentioned in September, a number of companies are still dealing with the effects of the longer-than-expected global economic recovery and with the uncertainties associated with the implementation of stimulus plans by our main trading partners.
However, it should be noted that the job market remains favourable in Quebec City, not least because of regional economic diversification. The low unemployment rate serves as a reminder that the region is facing a labour shortage in certain specialized fields, which could end up maintaining the demand for workers. In addition, Quebec International has provided assistance to 39 regional companies this year in connection with three international recruitment missions aimed at filling these specialized positions.