Despite broader economic turbulence, employment data from both the Labour Force Survey and Jobs TO were moderately positive. Toronto’s unemployment rate edged down slightly to 9.3% in April, from 9.5% in March, interrupting the upward trajectory seen since January. While
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.