Kitchener-Cambridge-Waterloo Employment Trends
The unemployment rate in Kitchener-Cambridge-Waterloo was 7.1% as of October 2026, down 0.6% from the previous month. The unemployment rate stood 6% below the peak from July 2020 but remains above the long-run average.
There were 3,500 more full-time jobs in October 2026 compared to a month earlier. Combined with a loss of 1,500 part-time positions, this led to an increase of 2,000 total jobs in October.
Full-time employment has recovered since reaching a bottom in July 2026 and now stands at a record high.
* All figures are seasonally adjusted, three-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
