Mississauga Real Estate Board

Toronto Employment Trends

The unemployment rate in Toronto was 5.9% as of July 2022, down 0.2% from the previous month. The unemployment rate stood 8.7% below the peak from July 2020 and is below the long-run average.

There were 9,500 more full-time jobs in July 2022 compared to a month earlier. A loss of 12,600 part-time positions led to a decrease of 3,100 total jobs in July.

Full-time employment has recovered since bottoming out in October 2021 and now stands at a record high.

The number of full-time jobs in July was up from the previous month in manufacturing, transportation & warehousing, the financial sector, professional & scientific services, business & building services, education, healthcare, and public administration.

Full-time job losses in July occurred in agriculture, natural resources, utilities, construction, trade services, information & cultural services, and accommodation & food services.

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

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