Recent data has shown that both the job market and job growth has slowed in Canada’s largest metropolitan centres, including Montreal. While Central Canada, including Quebec, has led the growth in the last year, with the exception of cities like Kitchener and Ottawa in Ontario and Sherbrooke in Quebec, that growth is slowing slightly.
This past year, Quebec, and specifically Montreal, has very much been a positive employment and jobs story in Canada with consistent unemployment rates below the Canadian average due to a strong economy. Underlying all this is a very significant labour shortage, plus an aging population and over 100,000 estimated positions currently going unfilled. In fact, the recent Quebec Provincial election featured the skills shortage and how to address it as a very prominent issue for all the parties.
Nowhere is this more an issue in Quebec than in the technology sector. There are 250,000 tech jobs in Quebec. In Montreal and Quebec City, the tech sector is the third largest private sector employer, behind traditional companies in Financial Services and Telecom. It is led by exciting companies in Artificial Intelligence and Video Game technology. Provincial subsidy programs have targeted job growth in technology and Quebec’s technology sector has essentially been at full employment for a very long time. Montreal is now recognized as one of the top cities in North America for AI talent.
The last several months, we at Eagle have seen a very strong increase in demand for both permanent and contract resources in our Montreal office and there is an almost acute shortage of candidates for most client requirements. Clients are and will continue to adjust to this new reality by speeding up their hiring processes, having more flexibility in their must-have and desirables requirements, and in working with their staffing partners to be sure their value messages to candidates are fresh and attractive.
Some of the most sought after roles in recent months in Montreal include Project Managers, Developers, Tester/QA roles, System Analysts and Business Analysts.