Statistics Canada Labour Force Survey data, released Friday, indicates that the number of employed Toronto residents set a new record in February 2019, when 1.57 million residents were employed.
The number of employed Toronto residents increased by 52,400 in February. On a seasonally adjusted monthly basis, the unemployment rate for Toronto residents fell from 6.7 per cent in December to 6.1 per cent in February. At the same time, the labour force participation rate increased substantially.
The previous peak employment record for Toronto was set in November 2017.
The Statistics Canada data also shows that total employment in Canada and Ontario also increased sharply in February 2019.
More information on Statistics Canada data released today is available at: https://www150.statcan.gc.ca/n1/daily-quotidien/190308/dq190308a-eng.htm?HPA=1
More information on City of Toronto focused data and research can be found at: http://www.toronto.ca/demographics
Quote:
“This employment data confirms the tremendous success that Toronto is achieving through the growth of its technology and financial services sectors, among others.
This also reinforces the findings of studies that show downtown Toronto having the lowest commercial office vacancy rate in North America for almost three years.”
– Mayor John Tory
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