Toronto city: Unemployment Rate Trend
How Toronto city's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
9.3%
2023
4.0%
Total change
-5.3 pp
% change
-57%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 9.3% | — |
| 2019 | 6.3% | -3.0 pp (-32.3%) |
| 2020 | 5.3% | -1.0 pp (-15.9%) |
| 2021 | 5.2% | -0.1 pp (-1.9%) |
| 2022 | 4.3% | -0.9 pp (-17.3%) |
| 2023 | 4.0% | -0.3 pp (-7%) |