Southern Georgian Bay Association of REALTORS®

Ontario Employment Trends

The unemployment rate in Ontario was 8.9% as of March 2021, down 0.8% from the previous month. The unemployment rate stood 3.4% below the peak from July 2020 but remains above the long-run average.

There were 47,800 more full-time jobs in March 2021 compared to a month earlier. A loss of 4,800 part-time positions led to an increase of 43,000 total jobs in March.

Full-time employment was still down 96,800 jobs from the peak in February 2020 but stood 552,300 jobs above the recent trough in June 2020.

The number of full-time jobs in March was up from the previous month in utilities, construction, manufacturing, trade services, transportation & warehousing, professional & scientific services, education, healthcare, information & cultural services, accommodation & food services, and public administration.

Full-time job losses in March occurred in agriculture, natural resources, the financial sector, and business & building services.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.