The employment outlook in Canada continues to improve month by month. Ontario, and Toronto in particular, was hit hard by COVID-19. Many people in the labour force experienced unemployment or reduce hours. Canada has done a good job of fighting the pandemic, and employment continues to grow as more businesses open again.
Here is a handy employment outlook summary for Ontario that our employment experts at Nova Staffing compiled using the latest data from the Ontario Government July 2020 Labour market report.
Ontario’s employment outlook has been improving month by month since the pandemic setback. Of the 12.3 million people in Ontario 15 years or older, 7.8 million are in the labour force. 6.9 million (56%) of the people are currently employed as of July 2020. This is up 2.2% from June, a 150,700 job increase.
Ontario’s unemployment rate is also dropping each month. It is now at 11.3%, a decrease from 12.2% in June, with 886,600 people unemployed in the province last month. This is slightly above the overall unemployment rate in Canada, which is 10.9% as of July. Overall though, employment in Canada rose by 2.4% last month.
Employment by Age
Youth employment (ages 15-24) were hit the hardest by the COVID-19 pandemic and have been disproportionally impacted by job losses since February. Unemployment for this age group was at 28.4% last month. Job growth has been steadily increasing, with 58,600 new jobs in July.
Adult employment for people aged 25-54 saw an unemployment rate of 8.8% in July, though there were 60,600 new jobs. Senior employment, aged 55 and older, is sitting at 7.8% unemployment but saw 31,400 new jobs in July.
Employment by Sector
COVID-19 pandemic impacted most sectors in Canada. Many are recovering nicely and experiencing job growth. Wholesale and retail trades led employment gains in July with 57,300 new jobs, followed by health care and social assistance (28,800), other services except for public administration (23,500), and professional, scientific, and technical services (17,700).
Unfortunately, not every industry has experienced growth. Education services continued to see employment loss, with 7,200 fewer jobs in July. However, this might change once schooling resumes in a few weeks. Business, building, and other services saw a 1,700 job loss, while information, culture, and recreation saw 1,500 employment loss.
Employment by Education
HR experts have always known that education and employment go hand in hand. In July, University graduates saw employment gains of 25,900 new jobs, while those with some postsecondary education gained 4,300 jobs.
Not all education levels saw growth, though. Those with a postsecondary certificate or diploma and a high school education led job loss with 177,200 and 83,100, respectively. Those with less than a high school education recorded job losses of 34,400.
Ontario continues to recover from the COVID-19 pandemic slowly. As more businesses reopen, employment growth will continue. Many sectors, such as healthcare, transportation, and tech services, are already looking to hire.
If you’re looking for employment or are a business that is looking for staffing solutions, contact us today! Nova Staffing is one of the top employment agencies in Toronto and has a team of HR experts that can help you.