August JobsTO Labour Lowdown

August JobsTO Labour Lowdown

Labour Market Holds Steady in July. Toronto’s labour market conditions showed a slight improvement since June 2024 with the unemployment rate dipping from 8.1% in June to 7.5% in July.  The employment rate was up marginally to 60%.  Largest employment

July Labour Lowdown

July Labour Lowdown

Toronto’s labour market conditions have now cooled considerably from where they were a year ago. Although the unemployment rate ticked slightly lower to 8.2%, the decline can be attributed fewer individuals participating in the labour force which declined by 0.8% from May. Particularly striking are the nearly 100,000 jobs lost since June of last year. There are, however, some positive signals in anticipation of further interest rate cuts.

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