Toronto Employment Trends
The unemployment rate in Toronto was 8.8% as of May 2025, up 0.2% from the previous month. The unemployment rate stood 6.3% below the peak from July 2020 but remains above the long-run average.
There were 16,900 fewer full-time jobs in May 2025 compared to a month earlier. Combined with a gain of 2,100 part-time positions, this led to a decrease of 14,800 total jobs in May.
Full-time employment was still down 54,100 jobs from the peak in February 2025.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
