Toronto Employment Trends
The unemployment rate in Toronto was 8% as of October 2024, unchanged from the previous month. The unemployment rate stood 7.1% below the peak in July 2020 but remains above the long-run average.
There were 20,600 more full-time jobs in October 2024 compared to a month earlier. A loss of 12,300 part-time positions led to an increase of 8,300 total jobs in October.
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.
