Kamloops and District Real Estate Association

Ontario Employment Trends

The unemployment rate in Ontario was 5% as of April 2023, down 0.1% from the previous month. The unemployment rate stood 7.8% below the peak from June 2020 and is below the long-run average.

There were 3,900 more full-time jobs in April 2023 compared to a month earlier. A gain of 19,400 part-time positions led to an increase of 23,300 total jobs in April.

Full-time employment has recovered since reaching a bottom in October 2022 and now stands at a record high.

The number of full-time jobs in April was up from the previous month in construction, manufacturing, trade services, transportation & warehousing, the financial sector, professional & scientific services, education, healthcare, and accommodation & food services.

Full-time job losses in April occurred in agriculture, business & building services, and information & cultural services.

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

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