Item - 2024.PH9.7

The Planning and Housing Committee:

1. Received the report (January 12, 2024) from the Interim Chief Planner and Executive Director, City Planning for information.

The Project Manager, Planning Research and Analytics, the Assistant Planners, City Planning gave a presentation to the Planning and Housing Committee.

The attached bulletin summarizes the results of the 2023 Toronto Employment Survey. The bulletin highlights the Survey's key findings and counts of employment and business establishments in the City of Toronto for 2023. The bulletin also reports on the type and longevity of establishments and employment activity in Downtown, the Centres, Secondary Plan areas, designated Employment Areas, and Areas of Employment across the city.

In 2023, the Toronto Employment Survey recorded 1,535,290 jobs citywide, an increase of 50,690 jobs or 3.4 percent from 2022. Toronto’s economy continues to recover from the record-breaking job losses of 2020 and 2021 due to the COVID-19 pandemic. Total employment is approaching the pre-pandemic total of 1,569,800 in 2019, a difference of 2.2 percent or 34,510 jobs. This year, employment increases over 2022 were observed in Community and Entertainment (12.4 percent), Institutional (6.2 percent), Service (5.8 percent), Office (2.5 percent), and Retail (1.6 percent). The only decrease was in the Manufacturing category (-0.4 percent). The Survey counted 72,530 establishments in 2023, a net increase of 730 establishments (1.0 percent) from 2022. In 2023, 7,580 new establishments opened in the city.