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Quebec Job Growth Slows Amid Economic Uncertainty

2/13/2025

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Summary

Story summary

Quebec's 2024 employment report indicates a hiring slowdown, despite adding over 70,000 new jobs.
The labor force increased by 190,000, while unemployment decreased from 39% to 33%.
Temporary immigrants experienced unemployment rates three times higher than the average.
High interest rates and trade uncertainties may cause further hiring slowdowns or layoffs in 2025.
Around 95,000 jobs tied to U.S. exports could be affected by potential tariffs.

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Story summary

Quebec's 2024 employment report indicates a hiring slowdown, despite adding over 70,000 new jobs.
The labor force increased by 190,000, while unemployment decreased from 39% to 33%.
Temporary immigrants experienced unemployment rates three times higher than the average.
High interest rates and trade uncertainties may cause further hiring slowdowns or layoffs in 2025.
Around 95,000 jobs tied to U.S. exports could be affected by potential tariffs.