Kitchener-Cambridge-Waterloo Employment Trends
The unemployment rate in Kitchener-Cambridge-Waterloo was 5.1% as of July 2022, unchanged from the previous month. The unemployment rate stood 7.2% below the peak in August 2020 and is below the long-run average.
There were 1,500 more full-time jobs in July 2022 compared to a month earlier. A gain of 2,000 part-time positions led to an increase of 3,500 total jobs in July.
Full-time employment has recovered since bottoming out in April 2022 and now stands at a record high.
The number of full-time jobs in July was up from the previous month in agriculture, utilities, construction, manufacturing, the financial sector, education, healthcare, information & cultural services, accommodation & food services, and public administration.
Full-time job losses in July occurred in natural resources, trade services, transportation & warehousing, professional & scientific services, and business & building services.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.