Toronto's well-educated and culturally diverse workforce sustains its growing economy. As the City prospers, there is no shortage of talented workers to help businesses meet their labour needs, no matter how specialized.
That's because Torontonians are some of the best educated workers in the world, often receiving their education at one of the City’s 8 colleges and universities. These institutions are known internationally for their academic excellence, so much so that increased demand has required many them to undergo expansions.
Everyone benefits from Toronto's academic advantage. Students of all ages learn the skills they need to succeed in today's knowledge-based economy, and local businesses profit by not having far to look for well-trained graduates and experienced professionals to complete their workforce.
According to the Toronto Board of Trade, Toronto is ranked 2nd overall for labour attractiveness against 24 peer global cities (Scorecard on Prosperity 2012, Toronto Board of Trade). This is not surprising given the strength and depth of the City's labour pool.
Compared to other global cities, Toronto has a highly educated workforce. Toronto has more residents with undergraduate degrees than London or Hong Kong.
Like all Canadians, Torontonians deeply value education and the development of a skilled, knowledgeable and highly competitive talent pool. The quality and variety of Toronto's post-secondary institutions mean that local students don't have far to travel to experience academic excellence. This also means that businesses in Toronto don't have far to look for well educated staff to complete their workforce.
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Age pyramid of the Toronto region and Canada's population.
Total enrolment at the 8 publicly funded post-secondary in Toronto.
Summary statistics including total employment and the unemployment rate
- 3.2 million people in workforce
- Over 200,000 students enrolled in universities and colleges
- Over 50% of the population has post-secondary diploma or degree
- According to the Toronto Board of Trade, Toronto is ranked 2nd overall for labour attractiveness against 24 peer global cities (Scorecard on Prosperity 2012, Toronto Board of Trade).