Toronto Employment Trends
The unemployment rate in Toronto was 8.6% as of February 2025, down 0.2% from the previous month. The unemployment rate stood 6.5% below the peak from July 2020 but remains above the long-run average.
There were 9,100 more full-time jobs in February 2025 compared to a month earlier. A gain of 16,400 part-time positions led to an increase of 25,500 total jobs in February.
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.
