Unemployment Up Amid Higher Participation Toronto’s labour market sent mixed signals in May 2025, reflecting early uncertainty stemming from the recent implementation of U.S. tariffs. The unemployment rate rose slightly to 9.1% (up from 8.7% in April), reversing a brief
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%.