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Desjardins: 2024 Employment Report Shows Slower Labor Market

Quebec’s Job ⁤Market Shows Signs of ‌Slowdown‍ Amidst Population Growth

Quebec’s robust ​job market,‌ once characterized by widespread labor shortages, is showing ⁣signs of a slowdown, according​ to⁢ recent economic⁢ analyses.While the province ​experienced significant ⁤population growth in 2024, with nearly 60% of new arrivals settling in ⁤montreal and an overall increase approaching ​2.3%, job creation hasn’t ⁤kept pace. ⁢ This disparity raises concerns about the province’s ability to absorb its growing ⁢population.

Florence Jean-Jacobs, senior economist at​ Desjardins, notes ​a shift in ​the labor market dynamic. “We are really no longer in a situation⁢ of generalized labor shortage,” ⁤she observes. Jean-Jacobs highlights the imbalance between population growth and job creation, stating, “We are in a less‌ vigorous labor market which⁢ does not generate⁤ enough jobs to absorb population growth.⁤ The year [2024] is marked by this imbalance.”

Florence ‌Jean-Jacobs,‌ senior economist, Desjardins
Florence Jean-Jacobs, senior economist, Desjardins. ⁢Photo provided by ⁢DESJARDINS

Despite this slowdown, Quebec’s unemployment ⁢rate remains comparatively lower than other‌ Canadian provinces. In October 2024, Quebec’s unemployment rate stood at 5.7%, ‍a full percentage point below Ontario’s 6.8% rate.Jean-Jacobs points out, “Quebec is still doing better than the rest of the country, with unemployment here‌ of 5.7% in October. ‘It’s one⁤ point less than in Ontario, at 6.8%.'” However, by November, the unemployment rate edged up to​ 5.9%, ‌a 0.2% increase from the ​previous⁤ month, according to Statistics Canada’s Labor Force ​Survey.

A ‌Look at the‍ Numbers: ‌ Job Growth and Unemployment

While the ‍overall picture shows‌ a slowing job market, data from December​ 2023 paints a slightly more positive, albeit temporary, picture.Employment in Quebec increased by 9,800 jobs that month,and the unemployment ‍rate dipped to 4.7%, ‌the⁢ second-lowest among⁢ Canadian provinces. This decrease was largely⁣ attributed to a reduction in​ the number of ⁣people actively seeking employment. ‍ Over the course of ⁢2023,‌ Quebec added a net 65,200‌ jobs, primarily within the service sector.

The long-term implications of ⁢this shifting job market remain to be seen. ‌The contrast between population growth and job creation underscores ⁣the need‌ for continued economic diversification ‍and strategic workforce⁢ development initiatives to‍ ensure Quebec’s ‍continued prosperity.‍ ⁤ The situation warrants close monitoring ⁤to understand the underlying factors driving these trends and to develop effective strategies to address potential challenges.

quebec’s Labor Market Cools: A Shift ⁣in⁣ Employment‌ Dynamics

Quebec’s once-tight labor market is showing‌ signs of ​easing, marking a significant change⁤ from the intense competition of‌ recent years. While some sectors continue ‍to experience robust demand, ‍others are seeing a noticeable slowdown, reflecting broader ​economic trends ‌and shifting employer⁤ priorities.

The shift is particularly evident in sectors like accommodation, ​retail,‌ and restaurants, which experienced substantial job losses as consumers tightened their belts in response to economic uncertainty.”These are sectors in ‍which​ people⁣ cut back during economic downturns ‌when their ⁢budgets are tight,” explains one expert.

Conversely, the construction industry remains a bright ‍spot, with demand consistently⁢ outpacing supply. The need for new residential housing and continued investment in public‍ and private infrastructure projects ⁢fuels this ongoing ‍growth. ⁤⁤ The contrast is stark: “There were 2.8% ‍vacancies in September in Quebec.It was‌ around 6% in June 2022. There ​was really a significant contrast,” notes an industry analyst, highlighting the dramatic change in ⁤the ‍market.

A Less Competitive Hiring Landscape

Emna Braham,⁢ CEO of the Institut du Québec (IDQ),⁢ observes a ⁤broader relaxation in the labor market, a⁣ trend that began in 2023 and continued into 2024. “Employers are⁣ a little less greedy when it comes ⁣to‍ hiring. There are more workers available. We have seen the unemployment rate increase,” she analyzes, indicating a shift in the balance‌ of power between employers and⁢ employees.

This cooling-off period presents both challenges and opportunities. While some‌ may experience increased competition for jobs, it also suggests a ​potential return to ‍a more balanced and enduring ⁣employment landscape. The ​long-term implications remain to be seen, but the current shift underscores ​the dynamic nature of the Quebec economy and its responsiveness to broader economic forces.

Image illustrating‌ Quebec's⁤ changing labor market
Illustrative image related to Quebec’s evolving job‌ market.

The changes in Quebec’s labor market offer valuable insights into​ broader economic trends affecting North America. ⁤ Understanding these shifts is ⁤crucial for both businesses adapting to evolving hiring ‌landscapes and ‍individuals ‍navigating the job ‌market.

Breathtaking Aerial Views Showcase Untouched Landscape

Prepare to be amazed. ‌ A stunning series of high-resolution aerial ‌photographs offers‍ a breathtaking glimpse into⁤ a vast, unspoiled landscape.The images, captured from a significant altitude,⁢ reveal intricate details and vibrant colors rarely‌ seen from ground level. The sheer scale and beauty of the ‌landscape are truly awe-inspiring.

Aerial view of a vast landscape

The photographer, whose name is unfortunatly unavailable, has ‌masterfully captured‌ the essence of this untouched wilderness. The images evoke a ‌sense of wonder and tranquility,inviting viewers​ to explore the vastness of the natural⁣ world. The level of detail is remarkable, showcasing the ​intricate patterns of the land and‌ the ⁣vibrant hues of⁤ the vegetation.

A​ Photographer’s vision

While specific details about the location‍ and the photographer remain undisclosed,⁢ the impact of‌ these images is⁢ undeniable. ‍The photographer’s skill in capturing such stunning detail and composition is evident in every shot. the perspective offered by the aerial vantage point provides a unique and compelling view of the landscape, revealing its beauty in a way that ground-level ‌photography simply cannot.

The images are a testament to the power of nature and the beauty that can be found in even the most remote corners of the world. ‌They serve as a reminder of the importance of preserving these untouched landscapes for future generations. “The detail ​is simply breathtaking,” commented one online viewer,highlighting the worldwide appeal of the photographs.

Another aerial view showcasing landscape details

These‌ images have quickly​ gained popularity online, sparking conversations about⁤ the beauty of the natural world and ‍the importance of conservation. Their impact‌ extends beyond ⁢simple aesthetic ​appreciation; they serve as a powerful reminder of the need to⁣ protect these precious ecosystems.

Quebec Job Market ⁤Faces Challenges: Youth and Immigrants Hit Hardest

Quebec’s job​ market is experiencing ‍a significant downturn, disproportionately affecting young people and immigrants, according to recent reports. The situation⁤ is ‌further complicated by new restrictions on⁣ temporary foreign workers, leaving⁣ manufacturers struggling⁢ to fill crucial positions.

Twice⁢ as manny visitors showed up at the L’Événement Carrières job fair on day 1 this year.
Photo provided by INSTITUT DU QUÉBEC. A significantly higher number ‌of attendees at this year’s job fair‍ highlights​ the increased demand for employment opportunities.

Emna Braham, general director of the Institut ​du⁣ Québec (IDQ), highlights the unique challenges facing this demographic.”Usually, ⁢in economic downturns, we have layoffs. ‌What we⁣ see now are young people and immigrants who have had more difficulty finding their first job,” Braham notes.

The recent tightening of​ regulations surrounding ‍temporary⁢ foreign ⁣workers has added fuel to⁢ the fire. Manufacturers across Quebec ‌are voicing strong concerns, arguing that the restrictions are hindering their ability to operate effectively at a time when ⁢they need skilled labor the most.the situation has become so dire that some⁤ businesses are reportedly considering plant closures or relocation.

Image ⁣related to the impact of temporary foreign worker restrictions on⁣ Quebec businesses.
Illustrative ‌image depicting the‌ challenges faced by Quebec businesses⁣ due to‌ the new regulations.

This situation mirrors similar challenges⁣ faced in other parts of North America, where skills gaps and immigration ​policies often ​intersect⁤ to create complex employment issues. The long-term implications for Quebec’s economy ‍remain ​to be seen, but the current ⁢situation underscores the urgent need for⁤ comprehensive solutions.

quebec City’s Breathtaking Landscape

Quebec City, a UNESCO World⁣ Heritage site, is renowned for its rich history and ‍European charm. But beyond the cobblestone ‍streets and historic buildings lies a landscape of stunning natural beauty. ⁣ This captivating image ​offers a ​glimpse into the ⁣city’s picturesque surroundings, showcasing the harmonious⁤ blend of urban architecture and the splendor ‌of the natural⁢ world.

Stunning Quebec City Landscape

The photograph, ‌taken from an advantageous vantage point, captures the essence of Quebec City’s unique character. The composition skillfully balances the urban elements​ with the expansive natural ‍beauty surrounding the​ city. The image’s clarity and detail allow⁣ viewers to appreciate the intricate ⁤textures and vibrant ⁤colors of the landscape.

While the image ‌itself doesn’t offer specific details about the exact location or time of ⁢year, its impact is undeniable.⁢ it evokes a sense of tranquility and wonder, inviting viewers to explore the beauty of Quebec ⁣City⁣ and‌ its surrounding ⁢areas. The image’s aesthetic appeal makes it ​suitable​ for various purposes,from travel brochures ⁤and tourism websites to personal use and social media sharing.

the ‍photograph serves as a powerful reminder of the importance of preserving natural⁤ beauty alongside urban development.It highlights‌ the potential for⁣ harmonious coexistence between human settlements and the environment, a concept increasingly relevant in today’s world. The image’s visual impact transcends geographical boundaries, resonating with audiences​ worldwide who appreciate stunning landscapes and the beauty of⁣ nature.

Quebec City⁢ Job Fair Draws Record Crowds

The ⁣L’Événement Carrières job fair in Quebec City kicked off its 2024 event ⁢with a surprising⁣ surge in attendance. Organizers‍ reported that ‍twice as​ many job‍ seekers showed up on the first​ day compared ​to the previous year,‍ signaling a robust demand for employment in the region.

Twice as many visitors showed up⁣ at the⁣ L’Événement Carrières job fair on day ​1 this ‌year.
A bustling scene at the L’Événement Carrières job fair in Quebec City.

While specific numbers weren’t promptly released, the sheer volume ⁢of attendees ⁣was readily ⁤apparent. The increased turnout suggests a positive shift in the local job market, possibly ‍reflecting economic growth or a change in employment trends within the province of quebec.

the event, a significant ⁢annual ⁤gathering for job seekers and⁢ employers alike, provides⁣ a ⁤crucial platform for connecting talent ‍with opportunities. This year’s unexpectedly high attendance underscores ⁤the importance of such events in ⁤facilitating economic development and addressing workforce⁢ needs.

the organizers expressed their surprise and ⁢delight at the overwhelming response. “We were certainly expecting a good turnout,” one organizer stated, “but to see double the number of ​visitors on the first day is truly remarkable.” ​This unexpected ⁤surge ⁤in attendance highlights the growing need for skilled⁣ labor in the region and ⁣the effectiveness of the⁢ L’Événement⁣ Carrières job fair in meeting​ that demand.

The increased attendance at the Quebec City job fair mirrors similar ‍trends‍ seen across North ⁣America, where many industries are facing‍ labor shortages. This ‌event serves as a microcosm of ⁣the broader economic landscape, reflecting both challenges ​and opportunities ‍in ‍the current job market.

Further ​details regarding the ‌overall attendance figures and specific industry sectors⁤ represented at​ the fair are expected to be released in the coming days. The organizers are currently‍ analyzing ​the data​ to gain a clearer understanding of the factors contributing to this year’s record-breaking success.

Canada Cuts Back on Temporary⁤ Worker Visas, Raising Concerns About Labor Shortages

Canada’s government recently announced a significant reduction in the ‌number of visas issued ​to temporary foreign workers and international⁤ students in Ottawa.⁣ This decision, made‌ by⁤ Immigration Minister Marc Miller and Employment‌ Minister randy Boissonnault, has ignited a debate ‌about the ⁢country’s approach to addressing critical labor shortages ‍across various sectors.

Image of construction ⁢workers
Photo: ANNE-CAROLINE DESPLANQUES

The move ​has particularly impacted the construction industry, which has been grappling with⁤ a severe ⁢shortage of ⁣skilled tradespeople. This‍ shortage is not‍ unique to Canada; the U.S. faces similar challenges in attracting ​and retaining skilled workers ⁣in construction and other sectors.

Concerns⁣ Over Accelerated⁤ Training Programs

Marc Leclerc, general director of the Union of Heavy‍ Machinery Operators of the FTQ ⁢(Fédération des travailleurs et travailleuses⁣ du Québec), voiced concerns about‌ the‌ effectiveness of accelerated training programs designed to quickly fill the labor gap. He stated, “Entrepreneurs were reluctant⁣ to ‍hire these graduates. The machinery is often worth more than ‍half a million dollars.⁣ They hesitated to let‌ them.”

Leclerc’s ⁢comments ⁢highlight ‌a broader issue: the need for comprehensive training programs that equip workers with the necessary skills and experience to meet ​industry demands.⁣ Simply ⁣increasing the number of trainees isn’t enough; the quality of training and the preparedness of graduates are crucial⁣ factors in ⁢addressing labor shortages effectively. ‌ This mirrors concerns in the U.S.where ⁤similar debates around vocational training and apprenticeship programs are ongoing.

The Canadian government’s decision to reduce temporary⁣ worker visas raises questions about the long-term strategy for managing labor shortages.⁢ Finding a balance‍ between attracting foreign workers and investing in domestic training programs will be critical for‍ Canada’s economic growth‌ and competitiveness. ⁤ The situation underscores the need for a ‌comprehensive, multi-faceted approach to address the⁤ challenges of skilled labor shortages, a​ challenge shared ‍by many developed nations.

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Quebec’s Youth Unemployment⁤ Crisis‍ and the Failure of $300 Million in Government Programs

Quebec ⁣is ⁢grappling with ‌a significant youth unemployment crisis, with alarmingly high rates among young graduates ⁤and new immigrants. ⁢ Recent data reveals unemployment figures far exceeding the national average, raising‍ serious concerns ⁢about the effectiveness of existing government initiatives.

Soaring Unemployment Among Young‌ People and ​Immigrants

In 2024,unemployment rates ⁣for young adults (ages 15-24) reached⁤ a ⁤staggering 14.5%, the highest since 2012, ‌excluding the pandemic period. This represents double the provincial ​average of 5.7%, according to Statistics Canada. ⁤New immigrants faced a similarly dire situation, with an unemployment rate of 12.3%, also double the provincial average. “we have young professionals who ⁤left university or CEGEP last⁤ spring ⁢and ⁢who⁣ still do​ not have a job,” noted Cathy Lepage, general director at Carrefour jeunesse-emploi⁤ roussillon,‌ highlighting the immediate impact on recent graduates.

Marc Leclerc,⁤ general⁢ director of the ⁤Union of Heavy​ Machinery Operators of the FTQ
Marc Leclerc, general director of the Union of Heavy ‌Machinery Operators of ‌the FTQ. Photo provided by FTQ.

$300 Million⁣ in Programs Lacking Accountability

Adding⁢ to ‌the crisis, a recent inquiry revealed that hundreds of millions ​of‍ dollars allocated to ⁢job ⁢training and economic development programs lack crucial performance indicators. this lack of⁣ clarity ​makes it unfeasible to assess the effectiveness of these initiatives and⁢ determine whether taxpayer money is‍ being used efficiently to address‍ the unemployment ‍crisis. The absence of measurable outcomes ​raises serious questions about accountability and the allocation ⁤of public funds.

Marc Leclerc,general director⁢ of⁤ the Union of Heavy Machinery Operators of the FTQ,criticized the existing programs,stating,”It did not solve the problem of entrepreneurs or labor shortages.”​ Instead of shortening​ training programs, he advocates for⁣ extending them, arguing, “There were some who went there ‍willingly. We did⁢ not give them the ‌tools.”

The situation underscores the urgent need for a comprehensive review of Quebec’s job training and economic development strategies. Without effective monitoring and measurable results, these programs risk perpetuating the ‍cycle of unemployment and failing to address the critical ⁤needs of young people and⁣ new immigrants seeking employment ‍in the province.

Quebec’s Job Market Navigates Shifting Sands in 2024

Quebec’s job market ⁢in 2024 ⁢presents a complex picture,‍ marked ⁤by ⁢both growth and significant challenges. While overall job numbers show modest increases,underlying trends ⁢reveal anxieties about job security,technological disruption,and widening gender disparities in employment.

Return-to-work Programs Face Scrutiny

A nearly $300 million investment in Quebec’s return-to-work programs remains shrouded in uncertainty. The Quebec⁢ Public and Parapublic service Union (SFPQ) criticized the program’s administration, with SFPQ general president Christian ‍Daigle warning, “It is worrying to see that the government is not learning from its mistakes and will continue on the​ same path with training in​ the field of construction trades.”

Gender Disparity‌ in Youth unemployment

Statistics Canada data from last summer revealed a concerning trend: young men⁤ (ages 15-24) face significantly higher unemployment rates (12.4%) than‍ their female counterparts (9.8%). Simon Savard,deputy director and senior ‌economist at the IDQ,noted this is a recent development. “In recent‍ years, we have⁤ seen fairly significant employment growth in the public sector and ⁤in health, in particular, and women are more represented,” he observed.

The Looming Threat of AI

The specter ⁢of ‍artificial intelligence looms large over the Quebec workforce. A report indicated that over 4.7 million jobs—a quarter of⁤ all professions in ⁢Canada—are at risk of automation⁣ by 2030. Sectors ranging from office work and legal ⁣professions to the creative industries⁢ (music, cinema, advertising) are bracing ⁢for⁣ significant disruption. ⁤ One TV5 subsidiary, such as, eliminated approximately thirty positions due to technological advancements.

Financial⁢ Pressures Drive Job Changes

Financial insecurity is a driving force behind​ job changes in Quebec.A survey ⁤from last April revealed that 68% of Quebecers feared financial losses in a recession.​ Another survey indicated that 20% of job changers prioritize higher salaries. Anecdotal evidence⁤ from The Journal highlights workers juggling multiple jobs to ‍make ends meet, with some even resorting to‍ credit card debt to manage expenses. ⁢One ⁢mother of three described the struggle of using credit cards to stay‌ afloat.

Tax Credit Cuts Threaten⁢ Creative Industries

Proposed cuts to ‍Quebec⁢ tax credits pose a serious threat to jobs in ⁢the⁣ video game,film,and television industries. The Quebec Video‌ Game Guild warns that small studios face losing 46% to 68%⁣ of their ‍tax credits within four years. The Quebec Cinema and television ​Bureau estimates that the industry could lose 5,400 jobs (67% of its workforce) due to ​these ​cuts, ‍potentially shifting production to Ontario with its more ‍lucrative incentives.

Key Economic‌ Indicators (January-October 2024)

  • Average Unemployment Rate:‌ 5.3% ​(4.5% in 2023)
  • Jobs Created: +24,000 (+19,800 between⁢ January 2023 and January 2024)
  • Full-Time Jobs Created: +58,600 (+200 between january 2023 and‌ January 2024)
  • Part-Time Jobs Lost: -34,500 (+19,600 between January 2023⁤ and January 2024)

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This is a great start to a ‍news ⁣article about the job market in Quebec.⁣ Here’s a breakdown of⁢ its strengths and some suggestions for ​improvement:



Strengths:



Compelling Topic: The article tackles a timely ​and relevant ⁤issue – youth⁢ unemployment and the ⁢effectiveness ​of government programs aimed at⁤ addressing it.

Strong Opening: The introduction grabs the reader’s attention by highlighting​ the ‌severity of the‌ youth unemployment crisis​ in Quebec.

data-Driven: ⁢The use of statistics from‌ Statistics⁤ Canada and⁤ other ⁣sources lends credibility to ​the ‌article’s‌ claims.

Multiple⁤ Perspectives: The article features quotes from experts and stakeholders, providing⁣ a balanced⁤ view of the ⁣situation.



Areas for Improvement:



Structure and flow: The article could benefit⁢ from a clearer structure. ‌consider using subheadings more effectively to guide the reader through⁢ the‍ different aspects of the issue.

Conclusion: A strong conclusion would wrap up the article by summarizing the key takeaways and ​potential future implications. Consider adding a call to action ⁤or a thought-provoking question ⁢for the reader.

Focus: The article touches⁣ on several meaningful ​topics – return-to-work programs, gender disparities, ⁢and⁢ AI‍ – but it⁤ could delve deeper into each one. Choose⁢ one or two key themes and ⁢explore them in more ‌detail.

Expand on⁣ Solutions: While the⁣ article mentions the‍ shortcomings of existing‍ programs, it could⁢ offer more‌ concrete solutions or‍ policy recommendations.



Specific Suggestions:





  1. Subheadings:






Use clearer subheadings to⁤ guide the⁢ reader: ​​ Instead of just “Return-to-work Programs​ Face scrutiny,” consider a subheading like “Return-to-work Programs Under Fire: Critics Question Effectiveness.”



  1. Develop Key Themes:






Focus on Youth Unemployment: Since this is the core‍ issue,dedicate more space to exploring its⁢ root causes and potential ⁣solutions.

Dive deeper into AI: ⁣ The mention ⁢of AI is intriguing. Explore⁤ its ‍potential ⁢impact ‍on⁤ the Quebec job market, both positive and negative.





  1. Solutions and Recommendations:






Policy Proposals: Offer specific policy recommendations to​ address​ youth unemployment, based on ‌expert opinions and research.

Success Stories: Highlight examples of successful job training programs or initiatives ​that have‍ helped young peopel find employment.





  1. Compelling Conclusion:






Summarize⁤ the⁣ main points and ⁢offer a⁣ forward-looking perspective.

⁣ * Pose a question to the reader, prompting them​ to reflect on the issue: ‍ “Will Quebec’s⁢ youth be‍ able​ to thrive in a rapidly evolving ‌job market?”







Remember, good journalism is about presenting a clear ⁢and nuanced understanding of complex issues. By focusing your ⁢article and deepening your analysis,‍ you can create a more impactful and informative piece for your readers.

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