Toronto Regional Real Estate Board

Toronto Employment Trends

The unemployment rate in Toronto was 7.7% as of April 2024, up 0.2% from the previous month. The unemployment rate stood 7.4% below the peak from July 2020 and is on par with the long-run average.

There were 16,100 more full-time jobs in April 2024 compared to a month earlier. A loss of 300 part-time positions led to an increase of 15,800 total jobs in April.

Full-time employment was still down 42,100 jobs from the peak in July 2023 but stood 28,800 jobs above the trough in January 2024.

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

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