Thunder Bay Employment Trends

The unemployment rate in Thunder Bay was 5% as of October 2024, up 0.5% from the previous month. The unemployment rate stood 6.7% below the peak from June 2020 and is below the long-run average.

There were 100 fewer full-time jobs in October 2024 compared to a month earlier. A gain of 400 part-time positions led to an increase of 300 total jobs in October.

Full-time employment was still down 1,500 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.

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 ©2024. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Thunder Bay Real Estate Board