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Weekly Commentary

Wage Growth in Quebec: Good for Households, Bad for Business

August 26, 2022
Hélène Bégin • Randall Bartlett • Tiago Figueiredo • Marc Desormeaux • Francis Généreux

Canada’s job market tanked early in the pandemic only to overheat soon thereafter. The national unemployment rate hit a record low of 4.9% this summer—and it’s even lower in some provinces. For months now, Quebec’s jobless rate has been hovering around 4%, close to April’s 3.9% low.