Toronto Regional Real Estate Board

Toronto Employment Trends

The unemployment rate in Toronto was 5.6% as of April 2023, down 0.2% from the previous month. The unemployment rate stood 9.5% below the peak from July 2020 and is below the long-run average.

There were 35,000 more full-time jobs in April 2023 compared to a month earlier. A loss of 10,100 part-time positions led to an increase of 24,900 total jobs in April.

Full-time employment has recovered since reaching a bottom in November 2022 and now stands at a record high.

The number of full-time jobs in April was up from the previous month in agriculture, natural resources, construction, manufacturing, trade services, transportation & warehousing, the financial sector, professional & scientific services, education, healthcare, and accommodation & food services.

Full-time job losses in April occurred in utilities, business & building services, information & cultural services, and public administration.

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

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