National Bank of Canada

National Bank of Canada

October 31, 2011 15:56 ET

75% of Quebecers Are Unconcerned About the Possibility of Losing Their Jobs - CROP(i) survey: The reflection of Quebecers' financial position

MONTREAL, QUEBEC--(Marketwire - Oct. 31, 2011) - The latest findings of the* survey conducted by the polling firm CROP on work stability and fear of losing one's job show that despite the uncertain economic situation of the past few years, Quebecers are relatively unconcerned about the possibility of losing their jobs. Three out of four Quebecers (75%) state that they are "not very often" or "not at all" concerned by the possibility of losing their job (their own or their spouse's).

In fact, only 7% of Quebecers state that they are "very often" concerned about the possibility of losing their job. However, this concern is a little more common among families with children (10%), who are often in a more precarious financial situation. It is also more common in the greater Montreal area (9%).

Furthermore, in the Outaouais region (where the federal government is a major employer), we observe the largest percentage of workers who are "not at all" concerned about the possibility of losing their job (60% vs. 46% throughout the entire province).

The survey results have also shown us that people who change jobs frequently feel the most insecure about the possibility of losing their job. For example, last year, one in five Quebecers (20%) changed jobs. This proportion is highest among young people (32%), single people (27%) and low-income earners (26%). In other words, people who change jobs are more likely to be "very often" or "somewhat often" concerned about losing their job (37% vs. 25% throughout the entire province).

We asked Quebecers what they would do if they won the equivalent of two years' salary in a lottery. Two thirds (68%) replied that they would continue to work despite it. This proportion goes up considerably among respondents in the greater Quebec City area (79%) and among men (73%). The second most popular decision is to take a year's sabbatical (14%; 25% among young couples without children), followed by starting a business (6%) or quitting one's job and going back to school (6%).

To find out more about Quebecers' opinion on work stability and fear of losing one's job, view the poll at

*Methodology: Data collection took place online through web panel in December. A total of 1,814 Quebecers participated in this study. The results were then weighted to reflect the Quebec population. Given the non-probability sample line, the calculation of the margin of error does not apply.

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