Toronto’s labour market took a step back in July 2025, erasing June’s gains. The unemployment rate jumped to about 9.8% in July, up sharply from 8.4% in June and well above 7.3% in July 2024. This surge in joblessness came as more people left employment or entered the labour force without finding jobs.
Now More than Ever. Measuring Job Churn.

In Canada’s rapidly evolving economy, measuring job churn—the movement of workers into and out of employment—is essential for understanding labour market dynamics. This is particularly critical in Ontario, the country’s economic powerhouse, where cities like Toronto, Ottawa, London and Hamilton drive
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%.