Labour Market Bulletin - Ontario: August 2022

This Labour Market Bulletin provides an analysis of Labour Force Survey results for the province of Ontario, including the regions of Hamilton-Niagara Peninsula, Kingston-Pembroke, Kitchener-Waterloo-Barrie, London, Muskoka-Kawarthas, Northeast, Northwest, Ottawa, Stratford-Bruce Peninsula, Toronto and Windsor-Sarnia.

SUMMARY

  • Employment decreased in Ontario by 19,200 (-0.2%) in August 2022, with the majority of losses concentrated in part-time employment (-17,900).
  • The unemployment rate increased for the second consecutive month to 5.7% (+0.4).
  • The labour force in Ontario more than made up for last month‘s decline as it grew by 18,500 (+0.2%) workers.

LABOUR FORCE CHARACTERISTICS

Employment decreased for the third consecutive month in August 2022, while managing to remain 3.4% above August 2021 levels.

  • While older workers aged 55 and above recorded an increase in employment for the month of August (+2,100; +0.1%), job losses among the core working age group of 25-54 years (-13,300; -0.3%) and youth aged 15-24 years (-8,000 ; -1.0%) were significantly higher.
  • Gains in full-time employment among women (+1,700; +0.1%) were more than offset by full-time job losses among men (-2,900; -0.1%) in Ontario.
  • In Canada, overall employment decreased (-39,700; -0.2%). Quebec recorded healthy gains in employment, while British Columbia and Ontario accounted for the highest job losses among all provinces.
Ontario Monthly Labour Force Statistics
Seasonally Adjusted
Monthly Data
August 2022 July 2022 August 2021 Monthly Variation Yearly Variation
Number % Number %
Population 15 + ('000) 12,535.1 12,519.3 12,354.7 15.8 0.1 180.4 1.5
Labour Force ('000) 8,132.5 8,114.0 8,038.4 18.5 0.2 94.1 1.2
Employment ('000) 7,667.8 7,687.0 7,416.2 -19.2 -0.2 251.6 3.4
Full-Time ('000) 6,306.1 6,307.4 6,018.5 -1.3 0.0 287.6 4.8
Part-Time ('000) 1,361.7 1,379.6 1,397.7 -17.9 -1.3 -36.0 -2.6
Unemployment ('000) 464.7 426.9 622.2 37.8 8.9 -157.5 -25.3
Unemployment Rate (%) 5.7 5.3 7.7 0.4 - -2.0 -
Participation Rate (%) 64.9 64.8 65.1 0.1 - -0.2 -
Employment Rate (%) 61.2 61.4 60.0 -0.2 - 1.2 -

* Totals may not add due to rounding
Source: Statistics Canada Labour Force Survey – Table 14-10-0287, formerly CANSIM 282-0087

Ontario Monthly Employment and Unemployment Rate
Show data table:Ontario Monthly Employment and Unemployment Rate
Ontario Monthly Employment and Unemployment Rate
Unemployment Rate (%) Employment ('000)
Aug-2020 10.6 6,998.9
Sep-2020 9.7 7,739.1
Oct-2020 9.8 7,199.2
Nov-2020 9.3 7,225.2
Dec-2020 9.7 7,232.9
Jan-2021 10.1 7,085.1
Feb-2021 9.2 7,197.5
Mar-2021 7.5 7,368.3
Apr-2021 8.9 7,214.6
May-2021 9.0 7,206.1
Jun-2021 8.2 7,311.2
Jul-2021 8.1 7,367.7
Aug-2021 7.7 7,416.2
Sep-2021 7.5 7,499.7
Oct-2021 7.2 7,529.3
Nov-2021 6.5 7,586.7
Dec-2021 6.1 7,639.2
Jan-2022 7.3 7,493.5
Feb-2022 5.5 7,687.8
Mar-2022 5.3 7,722.9
Apr-2022 5.4 7,737.2
May-2022 5.5 7,739.1
Jun-2022 5.1 7,714.4
Jul-2022 5.3 7,687.0
Aug-2022 5.7 7,667.8
Ontario Monthly Unemployment Rates, by Gender and Age
Seasonally Adjusted Data August 2022
(%)
July 2022
(%)
August 2021
(%)
Monthly Variation
(% points)
Yearly Variation
(% points)
Total 5.7 5.3 7.7 0.4 -2.0
25 years and over 4.8 4.4 6.6 0.4 -1.8
Men - 25 years and over 4.5 3.9 6.9 0.6 -2.4
Women - 25 years and over 5.1 4.9 6.3 0.2 -1.2
15 to 24 years 11.4 10.7 14.5 0.7 -3.1
Men - 15 to 24 years 12.5 11.5 15.6 1.0 -3.1
Women - 15 to 24 years 10.3 10.0 13.4 0.3 -3.1

* Totals may not add due to rounding
Source: Statistics Canada Labour Force Survey – Table 14-10-0287, formerly CANSIM 282-0087

EMPLOYMENT BY INDUSTRY

The Ontario goods-producing sector workforce shrank by 6,200 (-0.4%) in August. Employment decreased in construction (-9,600, -1.6%), agriculture (-2,000, -2.8%), and forestry, fishing, mining, quarrying, oil and gas (-200, -0.5%). Employment remained relatively stable in manufacturing (+600, +0.1%) and posted strong gains in utilities (5,100, +8.7%).

Construction

  • Employment in Ontario‘s construction sector decreased by 9,600 jobs (-1.6%) in August.
  • Five consecutive policy interest rate hikes from Bank of Canada have caused the housing market in Ontario to cool down as borrowers lose affordability, causing home sales to slide compared to the previous year. [1]
  • New home construction in Ontario is expected to remain tepid as the value of residential permits issued in Ontario dropped by 23.1% in July. [2]

Employment in Ontario‘s services-producing sector decreased by 13,100 (-0.2%) in August 2022, with the largest losses in educational services (-19,300; -3.4%), information, culture and recreation (-11,700; -3.5%), and accommodation and food services (-5,600, -1.4%). Employment increases occurred in wholesale and retail trade (+8,600, +0.8%), other services (except public administration) (+7,300; +3.0%), and health care and social assistance (+4,900; +0.5%).

Educational Services

  • Employment in the educational services sector contracted for the third consecutive month in August 2022, decreasing by 19,300 (-3.4%).
  • August marked the expiration of the $516.7M in temporary funding to schools from the Government of Ontario, provided through the Supports for Students Fund (SSF) and the COVID-19 Learning Recovery Fund for staffing additional education workers to address COVID-19 needs. [3]
  • The collective agreement for all teacher unions in the province also expired in August. [4]

Information, culture and recreation

  • The information, culture and recreation sector in Ontario recorded a notable decline in employment (-11,700) in the month of August, amid a wave of layoffs in the technology sector.
  • However, employment recovery remains likely as other sector firms, such as Royal Bank of Canada, are continuing to hire for technology roles. [5] Some technology firms, such as Ottawa-based Kinaxis [6] and Lytica [7] are also planning to expand their workforce.
  • Jobs in this sector are supported by the return of concerts, festivals, and entertainment events, and resumption of regular in-person programming. Toronto‘s Canadian National Exhibition created over 5,000 jobs in the region this summer, [8] and Canada's Wonderland is hiring for hundreds of positions for its Halloween Haunt event in Toronto. [9]
  • Ontario Monthly Labour Force Statistics, by Industry
    Seasonally Adjusted August 2022 July 2022 August 2021 Monthly Variation Yearly Variation
    Number % Number %
    Total employed, all industries 7,667.8 7,687.0 7,416.2 -19.2 -0.2 251.6 3.4
    Goods-producing sector 1,541.5 1,547.7 1,457.7 -6.2 -0.4 83.8 5.7
    Agriculture 70.6 72.6 70.2 -2.0 -2.8 0.4 0.6
    Forestry, fishing, mining, quarrying, oil and gas 42.8 43 34.9 -0.2 -0.5 7.9 22.6
    Utilities 63.8 58.7 53.4 5.1 8.7 10.4 19.5
    Construction 581.4 591.0 533.1 -9.6 -1.6 48.3 9.1
    Manufacturing 783.0 782.4 766.1 0.6 0.1 16.9 2.2
    Services-producing sector 6,126.3 6,139.4 5,958.5 -13.1 -0.2 167.8 2.8
    Trade 1115.1 1106.5 1080.2 8.6 0.8 34.9 3.2
    Transportation and warehousing 382.3 387.5 371.5 -5.2 -1.3 10.8 2.9
    Finance, insurance, real estate and leasing 671.7 667.3 598.7 4.4 0.7 73.0 12.2
    Professional, scientific and technical services 801.7 801.3 752.9 0.4 0.0 48.8 6.5
    Business, building and other support services 291.3 290.1 292.8 1.2 0.4 -1.5 -0.5
    Educational services 546.7 566.0 559.9 -19.3 -3.4 -13.2 -2.4
    Health care and social assistance 921.3 916.4 916.4 4.9 0.5 4.9 0.5
    Information, culture and recreation 318.5 330.2 299.9 -11.7 -3.5 18.6 6.2
    Accommodation and food services 385.2 390.8 412.8 -5.6 -1.4 -27.6 -6.7
    Other services 254.7 247.4 265.9 7.3 3.0 -11.2 -4.2
    Public administration 437.8 435.8 407.6 2.0 0.5 30.2 7.4

    * Totals may not add due to rounding
    Source: Statistics Canada Labour Force Survey – Table 14-10-0355, formerly CANSIM 282-0088

    REGIONAL ANALYSIS

    In August 2022, all but one economic region in Ontario, Northwest, reported a year-over-year increase in employment compared to August 2021. Compared to pre-pandemic employment levels, all 11 economic regions had higher levels of employment in August 2022.

    The unemployment rate declined in all economic regions in Ontario compared to August 2021. In August 2022, the unemployment rate was lower for all but two economic regions, Toronto and London, as compared to August 2019. Compared to March 2020, all economic regions except Toronto and London had lower unemployment rates in August 2022.

    Ontario Monthly Labour Force Statistics, by Economic Region
    3-Month Moving Averages
    Seasonally Unadjusted Data
    Employment Unemployment Rate
    August 2022
    ('000)
    August 2021
    ('000)
    Yearly Variation
    (%)
    August 2022
    (%)
    August 2021
    (%)
    Yearly Variation
    (% points)
    Ontario 7,784.5 7,458.5 4.4 5.8 8.6 -2.8
    Economic Regions
    Ottawa 772.6 755.2 2.3 4.6 7.0 -2.4
    Kingston - Pembroke 234.9 219.4 7.1 4.7 7.2 -2.5
    Muskoka - Kawarthas 189.5 174.7 8.5 4.4 8.5 -4.1
    Toronto 3,763.7 3,592.0 4.8 6.5 9.8 -3.3
    Kitchener - Waterloo - Barrie 816.9 777.9 5.0 5.2 6.6 -1.4
    Hamilton - Niagara Peninsula 785.9 753.5 4.3 5.1 8.3 -3.2
    London 386.2 374.0 3.3 6.6 7.8 -1.2
    Windsor - Sarnia 304.1 303.1 0.3 6.7 9.5 -2.8
    Stratford - Bruce Peninsula 169.1 161.0 5.0 3.8 3.9 -0.1
    Northeast 260.5 246.7 5.6 4.2 7.1 -2.9
    Northwest 101.0 101.1 -0.1 4.5 6.7 -2.2

    * Totals may not add due to rounding
    Source: Statistics Canada Labour Force Survey – Table 14-10-0287-01

    Note

    In preparing this document, the authors have taken care to provide clients with labour market information that is timely and accurate at the time of publication. Since labour market conditions are dynamic, some of the information presented here may have changed since this document was published. Users are encouraged to also refer to other sources for additional information on the local economy and labour market. Information contained in this document does not necessarily reflect official policies of Employment and Social Development Canada.

    For further information, please contact the LMI team.
    For information on the Labour Force Survey, please visit the Statistics Canada website.

    Date modified: