Toronto added more than 46,000 jobs in 2019, including roughly 10,000 in tech sector
Toronto added more than 46,000 net jobs in 2019, including roughly 10,000 in the tech sector alone.
The city’s annual employment survey, which was released on Monday, shows that total employment grew by 3.1 per cent in 2019, which equates to a year-over year increase of 46,920 net jobs.
Full time jobs increased at a rate of 2.8 per cent (31,930) while part time jobs were up 4 per cent (14,980) and now account for nearly one out of four positions.
The overall increase was driven, in part, by the continued expansion of the teach industry.
The survey found that the tech sector now employs in excess of 60,000 people in Toronto, representing a 16.6 per cent increase from 2018 and an 84.6 per cent increase from 2014.
The survey also found an associated jump in tech businesses with more than 1,700 counted, which is an increase of 15.5 per cent from 2018 and 85.7 per cent from 2014.
The survey said that about two per cent of all businesses in the city are now tech businesses.
“It’s no secret that a key feature of Toronto’s economy in the 21st century has been the rise of our technology sector. The survey results reinforce this growth – with the total number of tech businesses almost doubling over the past five years and an incredible 85 per cent increase in jobs in the tech sector over the same time period,” Mayor John Tory said in a press release outlining the survey results. “I'm committed to continuing to grow our city's economy, and protecting Toronto's success.”