Thunder Bay Real Estate Board

Thunder Bay Employment Trends

The unemployment rate in Thunder Bay was 6.4% as of October 2021, up 0.1% from the previous month. The unemployment rate stood 4.9% below the peak from June 2020 and is on par with the long-run average.

There were 100 more full-time jobs in October 2021 compared to a month earlier. A gain of 500 part-time positions led to an increase of 600 total jobs in October.

Full-time employment was still down 2,100 jobs from the peak in February 2020 but stood 5,300 jobs above the recent trough in June 2020.

The number of full-time jobs in October was up from the previous month in natural resources, utilities, manufacturing, trade services, transportation & warehousing, and education.

Full-time job losses in October occurred in agriculture, construction, the financial sector, professional & scientific services, business & building services, healthcare, information & cultural services, accommodation & food services, and public administration.

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