Kamloops and District Real Estate Association

Ontario Employment Trends

The unemployment rate in Ontario was 5.4% as of May 2022, unchanged from the previous month. The unemployment rate stood 6.7% below the peak in July 2020 and is below the long-run average.

There were 21,000 more full-time jobs in May 2022 compared to a month earlier. A loss of 3,900 part-time positions led to an increase of 17,100 total jobs in May.

Full-time employment has recovered since bottoming out in June 2020 and now stands at a record high.

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

Full-time job losses in May occurred in and the financial sector.

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