What Will Happen to Quebec’s Unemployment Rate in the Coming Months?

A recent Economic Viewpoint discussed measuring the unemployment rate and the challenge of assessing it under the circumstances. This edition of Economic Viewpoint aims to put the labour market into perspective. First, we’ll take a look at sector-specific data, then review the unemployment rate peaks reached during the recessions that occurred in the last 40 years. Lastly, we’ll examine the unemployment rate’s possible trajectory in the next few quarters.