Toronto Employment Trends
The unemployment rate in Toronto was 8.9% as of August 2025, down 0.1% from the previous month. The unemployment rate stood 6.2% below the peak from July 2020 but remains above the long-run average.
There were 1,000 more full-time jobs in August 2025 compared to a month earlier. Combined with a loss of 8,200 part-time positions, this led to a decrease of 7,200 total jobs in August.
Full-time employment was still down 69,000 jobs from the peak in February 2025 but stood 1,000 jobs above the trough in July 2025.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
