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

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.
Case Study & How-To: Facilitating Career Transitions & Reskilling in the Workforce

In the face of skilled talent gaps, particularly in critical digital infrastructure roles, employers can benefit significantly from hiring and training candidates from adjacent industries. These candidates often possess transferable soft skills and mindsets that are highly valuable. This guide aims to provide context on how to do so and a successful case study within the real-world context.
June Labour Lowdown

Employment Conditions Improve in May
After months of lagging behind other regions of Canada in job creation, Toronto led the country by adding over 30,000 jobs in May. Unemployment ticked lower to 8.3% while the employment rate increased from 60.4% from 59.8%. Unfortunately, Toronto’s unemployment rate of 8.3% remains well above the national average of 6.2%.