Toronto Employment Trends
The unemployment rate in Toronto was 9% as of July 2025, up 0.3% from the previous month. The unemployment rate stood 6.1% below the peak from July 2020 but remains above the long-run average.
There were 14,400 fewer full-time jobs in July 2025 compared to a month earlier. Combined with an unchanged number of part-time positions, this led to a decrease of 14,400 total jobs in July.
Full-time employment was still down 72,700 jobs from the peak in February 2025.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
