With a remarkably positive October LFS report (exceeding expectations), Toronto’s labour market showed early signs of stabilization, suggesting the worst of the turbulence may be behind it. Total employment stood at 3.71 million in October 2025, only modestly below midsummer
October 2025 Labour Lowdown
Between September 2024 and September 2025, overall employment in the Toronto CMA rose modestly by about 18,000 jobs, or 0.5 percent. Growth was driven mainly by consumer-facing sectors. Accommodation and Food Services showed the strongest increase, adding roughly 13,500 positions
September JobsTO Labour Lowdown
Jobs Decline Led by Retail and Construction Toronto’s unemployment rate continued to trend higher in August reaching 8.8 per cent. Our unemployment rate compares unfavourably to the national average of 6.6 percent. Indeed, across Canada, only Windsor and Edmonton had