Ontario Employment Trends
The unemployment rate in Ontario was 7.1% as of November 2024, up 0.1% from the previous month. The unemployment rate stood 5.7% below the peak from June 2020 and is on par with the long-run average.
There were 9,600 more full-time jobs in November 2024 compared to a month earlier. A loss of 800 part-time positions led to an increase of 8,800 total jobs in November.
Full-time employment has recovered since reaching a bottom in March 2024 and now stands at a record high.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
