Statistics Canada Labour Force Survey data, recently released, 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.
“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,” said Mayor John Tory.
More information on Statistics Canada data is available at:www150.statcan.gc.ca/n1/daily-quotidien/190308/dq190308a-eng.htm?HPA=1