Thunder Bay Real Estate Board

Thunder Bay Employment Trends

The unemployment rate in Thunder Bay was 4.5% as of September 2024, up 0.8% from the previous month. The unemployment rate stood 7.2% below the peak from June 2020 and is below the long-run average.

There were 200 fewer full-time jobs in September 2024 compared to a month earlier. A loss of 200 part-time positions led to a decrease of 400 total jobs in September.

Full-time employment was still down 1,400 jobs from the peak in February 2022 but stood 2,900 jobs above the trough in March 2024.

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


Dark Mode