As licensed childcare has become more affordable, more families are now showing interest in enrolling their child in daycare. Some experts have raised concerns that there won’t be enough workers to staff the new spaces.
A Big Economy through Small Business – Examining Micro-Enterprises in Toronto
Over the course of the pandemic, changing restrictions and increasing levels of uncertainty have forced some small business owners to entirely pivot their business offerings, and Statistics Canada estimates that over 14,700 businesses in Ontario closed in December 2020 (Statistics Canada). Many businesses of all sizes have been hit hard by the effects of the pandemic. Since micro-enterprises employ a significant proportion of the Canadian workforce, their role in recovery will be paramount.
Toronto Continues to See Employment Gains. But New Data Indicates Visible Minorities Hardest Hit by COVID in Canada
Employment in the Toronto Census area increased by 2.2% in July. This was the same rate of increase as the province, despite the loosening of the COVID-19 restrictions occurring later in Toronto than in most other regions in the province. Employment in Toronto has reached 89.9% of its February 2020 level.
Toronto Reclaims Almost 200,000 Jobs
In June, according to the latest release from Statistics Canada’s Labour Force Survey, Toronto CMA reclaimed almost 200,000 jobs which were lost due to the coronavirus pandemic.
Job Postings Remain Static as Toronto Moves Towards Phase 2
Overall job postings for the period of May 30 to June 12th remained relatively static and have plateaued since late May. Postings are averaging between 2,200 and 2,500 per week.
Employment Numbers Continue to Slide but Job Postings Increase
According to Stats Canada’s May Labour Force Survey (LFS), Toronto CMA has now lost over 500 thousand jobs in the last three months since the COVID-19 pandemic was declared.
Toronto Job Market Begins Recovery
After two months of steep declines in total on-line job postings, data collected over the past two weeks suggest that there is reason to be cautiously optimistic about the Toronto job market.
Labour Market Update – Toronto
The latest Labour Force Survey (LFS) numbers are staggering but not as bad as economist’s have predicted. Employment losses related to COVID 19 and government-imposed business closures designed to slow it, cost Toronto Region over half a million jobs.