Toronto Regional Real Estate Board

Toronto Employment Trends

The unemployment rate in Toronto was 8.9% as of September 2021, down 0.4% from the previous month. The unemployment rate stood 5.9% below the peak from July 2020 but remains above the long-run average.

There were 17,300 more full-time jobs in September 2021 compared to a month earlier. A gain of 36,300 part-time positions led to an increase of 53,600 total jobs in September.

Full-time employment has recovered since bottoming out in June 2020 and now stands at a record high.

The number of full-time jobs in September was up from the previous month in construction, manufacturing, trade services, the financial sector, professional & scientific services, business & building services, education, information & cultural services, and accommodation & food services.

Full-time job losses in September occurred in agriculture, natural resources, utilities, transportation & warehousing, healthcare, and public administration.

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