Toronto Employment Trends
The unemployment rate in Toronto was 7.1% as of October 2026, up 0.2% from the previous month. The unemployment rate stood 8% below the peak from July 2020 and is below the long-run average.
There were 12,000 more full-time jobs in October 2026 compared to a month earlier. Combined with a loss of 8,400 part-time positions, this led to an increase of 3,600 total jobs in October.
Full-time employment has recovered since reaching a bottom in April 2026 and now stands at a record high.
* All figures are seasonally adjusted, three-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
