Thunder Bay Real Estate Board

Thunder Bay Employment Trends

The unemployment rate in Thunder Bay was 6.3% as of September 2021, up 0.3% from the previous month. The unemployment rate stood 5% below the peak from June 2020 and is below the long-run average.

There were 200 more full-time jobs in September 2021 compared to a month earlier. A gain of 200 part-time positions led to an increase of 400 total jobs in September.

Full-time employment was still down 2,200 jobs from the peak in February 2020 but stood 5,200 jobs above the recent trough in June 2020.

The number of full-time jobs in September was up from the previous month in utilities, manufacturing, transportation & warehousing, the financial sector, education, healthcare, accommodation & food services, and public administration.

Full-time job losses in September occurred in agriculture, natural resources, construction, trade services, professional & scientific services, business & building services, and information & cultural services.

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