Toronto's unemployment rate is getting bad with tens of thousands of lost jobs in a year

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Even though the federal government has been encouraging our record population growth with the promise of jobs, it seems that the employment market ...

Even though the federal government has been encouraging our record population growth with the promise of jobs, it seems that the employment market in cities like Toronto is the worst some have ever seen it.

I applied to my 1000th job today since August 2023 and have gotten only ONE interview. Is it me, my resume, or are am I just s**t out of luck?According to the government body's most recent Labour Force Survey, unemployment rose to 5.8 per cent across the country in February, as"employment gains continue to be outpaced by population growth," which wasThis is especially noticeable in Toronto, where the seasonally-adjusted unemployment rate rose far above the national average, to 7.

As noted by real estate news site Better Dwelling, this is far beyond the rate of unemployment growth that is usually seen before large-scale recession.Looking at the province overall, Ontario's employment numbers remained steady, while provinces like Alberta and Nova Scotia have added tens of thousands more people to the workforce since the fall.

Source: News Formal (newsformal.com)

 

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