Thunder Bay Real Estate Board

Thunder Bay Employment Trends

 

The unemployment rate in Thunder Bay was 4.4% as of May 2025, up 0.2% from the previous month. The unemployment rate stood 7.5% below the peak from June 2020 and is below the long-run average.

There were 300 fewer full-time jobs in May 2025 compared to a month earlier. Combined with a gain of 500 part-time positions, this led to an increase of 200 total jobs in May.

Full-time employment was still down 4,600 jobs from the peak in April 2023.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.


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