Ontario Employment Trends
The unemployment rate in Ontario was 7% as of October 2026, up 0.1% from the previous month. The unemployment rate stood 6% below the peak from June 2020 and is below the long-run average.
There were 3,300 fewer full-time jobs in October 2026 compared to a month earlier. Combined with a loss of 12,300 part-time positions, this led to a decrease of 15,600 total jobs in October.
Full-time employment was down 16,700 jobs from the peak in July 2026.
* All figures are seasonally adjusted, three-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
