Toronto is a major hub of innovation and economic activity. We are:

04/21/23 1

Labour Market Trends and Issues in Toronto

October 2009

“The Toronto Training Board Supports Sustainable Jobs In A Vibrant Economy”

Toronto is a major hub of innovation and economic activity. We are:

The 2nd largest food production centre in North America;

The 3rd largest biotechnology centre in North America;

The 3rd largest screen-based arts centre in North America;

One of the world’s leaders in digital media and information technology;

A point of convergence for “green” business.

04/21/23 2

Employment in Toronto

Employment increased by 316,000 in the Toronto CMA (2000 – 2006)

Toronto has an educated and productive labour force of 1.3 mil.

70,000+ businesses and 80% of Canada’s largest R&D, law, advertising and high-tech firms are located in Toronto

04/21/23 3

Employment Overview 2000-2008

04/21/23 4

Share of the Canadian workforce by class, 1901 to 2001 (Richard Florida)

04/21/23 5

Employment Overview by Sector 2003-2007

04/21/23 6

Change in labour market proportions, Toronto, 1996 to 2006

04/21/23 7

Average employment income for full-year, full-time wage earners, Toronto males and females in the rest of Ontario, 1995 to 2005 (all calculations based on 2005 dollars

04/21/23 8

04/21/23 9

Increasing Industries

Telecommunications (61.8%) Educational Services (20.8%) Motion Picture and Sound Recording Industries

(15.6%) Securities, Commodity Contracts, and Other

Financial Investment and Related Activities (14.7%)

Real Estate (14.6%)

The following industries grew in the number of The following industries grew in the number of employers between December 2003-2007:employers between December 2003-2007:

04/21/23 10

The majority of the Toronto firms 91% in 2007 were represented by owner-operated (0-4) and small businesses

(employee size range 5-9)

Diversity and Social Cohesion

Toronto is one of the most diverse cities in the world.

Over 100 languages and dialects are spoken here.

50% of Toronto’s 2.6 million residents were born outside of Canada and the region welcomes over 100,000 newcomers annually.

04/21/23 11

Percentage distribution of employed residents by skill/sector categories, Canadian-born, immigrants and newcomers, Toronto

and the rest of Ontario, 2006Toronto Ontario

04/21/23 12

Distribution of Employed Newcomers by Skills and Education Attainment

04/21/23 13

It’s about transformative change

The future will not be a continuation of the past. It will be fundamentally different and will require all of us to think

and act differently.

Labour Force Readiness PlanThe Future Will be Different than the Past

It’s about people, talent and diversity

In a knowledge-based global economy a city’s economic success is largely determined by the attributes of its labour force

Talent: skills and knowledge Diversity: thought,

experience, ideas Creativity: a culture of

innovation

04/21/23 15

Diversity leads to creativity and innovation, from Susan brown

04/21/23 16

04/21/23 17

References

City of Toronto, “Agenda for Prosperity”, January 2008 http://www.toronto.ca/prosperity/pdf/agenda-prosperity-report-full.pdf

Population and dwelling counts, for Canada, census metropolitan areas, census agglomerations and census subdivisions (municipalities), 2006 and 2001 censuses - 100% data". Statistics Canada, 2006 Census of Population (2007-03-13)

"Toronto Quick Facts". Government of Canada, Department of Foreign Affairs and International Trade, Investment, Science & Technology Branch.

"City of Toronto: Toronto Overview". City of Toronto (2007) Toronto Training Board, Discussion Paper, October 2009 Trends, Opportunities and Priorities (TOP), Toronto Training Board, 2008,

2009

04/21/23 18

Toronto Training BoardOctober 2009