Ontario Employment Trends
The unemployment rate in Ontario was 6.3% as of February 2024, up 0.1% from the previous month. The unemployment rate stood 6.5% below the peak from June 2020 and is below the long-run average.
There were 3,900 fewer full-time jobs in February 2024 compared to a month earlier. A gain of 1,700 part-time positions led to a decrease of 2,200 total jobs in February.
Full-time employment was still down 36,300 jobs from the peak in October 2023.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.