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
November JobsTO Labour Lowdown
Toronto’s labour market remained in a holding pattern in October with conditions showing little change from earlier this fall. The unemployment rate ticked up marginally to 7.5% but still well below the rates seen during the summer. Over the past