Toronto’s labour market took a step back in July 2025, erasing June’s gains. The unemployment rate jumped to about 9.8% in July, up sharply from 8.4% in June and well above 7.3% in July 2024. This surge in joblessness came as more people left employment or entered the labour force without finding jobs.
Business Licenses as an Early Indicator of Future Jobs

Business licenses can serve as a leading indicator of future employment trends, providing insight into economic activity before jobs are officially created. When new businesses apply for licenses in many cases they signal upcoming labour demand. Understanding these patterns can help policymakers, job seekers, and Employment Ontario Service Providers prepare for shifts in the job market.