Thunder Bay Employment Trends

The unemployment rate in Thunder Bay was 4.9% as of February 2025, down 0.2% from the previous month. The unemployment rate stood 7% below the peak from June 2020 and is below the long-run average.

There were 900 fewer full-time jobs in February 2025 compared to a month earlier. An unchanged number of part-time positions led to a decrease of 900 total jobs in February.

Full-time employment was still down 2,800 jobs from the peak in April 2023 but stood 1,400 jobs above the trough in March 2024.

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

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Thunder Bay Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Thunder Bay Employment Trends assumes any responsibility or liability. Copyright ©2025. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Thunder Bay Real Estate Board