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Quebec and Ontario Economic News

The Overheated Labour Market Gets Hotter in Quebec and Continues to Sizzle in Ontario

August 5, 2022
Hélène Bégin
Principal Economist

Summary of the publication

Employment fell for a second month in a row in the two main provinces. In July, Ontario shed 27,400 jobs and Quebec, 4,500.

The unemployment rate rose slightly in Ontario between June and July from 5.1% to 5.3%.

In Quebec, the unemployment rate dipped from 4.3% in June to 4.1% in July, as the number of people looking for a job decreased.

The increase in wages continues to accelerate in Quebec. The average hourly wage jumped from 7.5% in June to 8.1% in July, in terms of annual variation.

Wage growth held at around 5% in Ontario, shifting from 5.2% in June to 4.9% in July.