Toronto’s Labour Market Rebounds in June. Employment Trends Toronto’s labour market showed a welcome improvement in June 2025. The unemployment rate fell to about 8.4%, down from 9.1% in May, marking the first decline in several months as employers ramped up
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.