Where is job growth happening in Toronto, and what kinds of jobs are being created? Toronto’s overall employment in 2014 was up by 1.5% from 2013, with 20,850 jobs added: • Toronto’s total employment in 2014 was 10.26% higher than a decade earlier, with 1,384,390 jobs compared to 1,255,600 in 2004. • Of the 1,384,390 jobs counted in Toronto in 2014, 1,063,540 (76.8%) were full time and 320,860 (23.2%) part time. o Part-time jobs increased by 1.7% over 2013.258 • The median hourly wage in Toronto in May 2015 for all professions was $20.77 (versus $20.67 a year earlier).259 • Across the Region, both median and average hourly earnings were greater in 2014 (in current dollars, $21.08 and $24.90 respectively) than they were in 2013. Average hourly earnings in 2014 were above both the national and provincial rates, while median hourly earnings were above the national rate but below the provincial rate. o The median hourly wage has increased slightly but steadily over the past five years: $20.10 in 2010, $20.60 in 2011, $20.88 in 2012, $21.00 in 2013, and $21.08 in 2014.260
According to Wellbeing Toronto, in 2011 the Bay Street Corridor had the most with 185,891 jobs while the bottom three were Woodbine – Lumsden (558), Rustic (550), and Lambton Baby Point (438).
5,030 new businesses were established in the city in 2014, providing possible places of employment: • Almost 16% more businesses opened in Toronto in 2014 than in 2013 (5,030 versus 4,340).261 The office sector remains the largest in Toronto, accounting for almost 1 of every 2 jobs: • The City of Toronto’s annual Employment Survey reports on which sectors grew or flourished. o The institutional sector was the fastest growing in 2014, adding 11,010 jobs (an increase of 4.9%). o The service sector was next with 3.7% growth, followed by the “other” (+2.7%) and office (+1.0%) sectors. o Other sectors shrank: manufacturing lost 1.3% of its jobs, and the retail sector followed with a loss of 1.5% of jobs.262 • The survey also examined the city’s major economic sectors (as defined by the North American Industry Classification System or NAICS) for employment growth or loss over 2014. o The largest gains—7.6% over the previous year—were seen in the real estate and rental and leasing sector, which added 2,710 jobs, and in the construction sector, which added 2,610 jobs. o The accommodation and food services sector also experienced a significant rate of growth, 4.7%.263
Toronto’s Vital Signs® Report 2015 Work
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