Toronto Employment Trends
The unemployment rate in Toronto was 8.1% as of November 2024, up 0.1% from the previous month. The unemployment rate stood 7% below the peak from July 2020 but remains above the long-run average.
There were 16,900 more full-time jobs in November 2024 compared to a month earlier. A loss of 13,800 part-time positions led to an increase of 3,100 total jobs in November.
Full-time employment has recovered since reaching a bottom in January 2024 and now stands at a record high.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
