Thunder Bay Real Estate Board

Thunder Bay Employment Trends

The unemployment rate in Thunder Bay was 4.4% as of December 2022, down 0.4% from the previous month. The unemployment rate stood 6.4% below the peak from June 2020 and is below the long-run average.

There were 200 fewer full-time jobs in December 2022 compared to a month earlier. A gain of 600 part-time positions led to an increase of 400 total jobs in December.

Full-time employment was still down 4,300 jobs from the peak in February 2022.

The number of full-time jobs in December was up from the previous month in construction, trade services, professional & scientific services, business & building services, education, and information & cultural services.

Full-time job losses in December occurred in agriculture, natural resources, utilities, manufacturing, transportation & warehousing, the financial sector, healthcare, accommodation & food services, and public administration.

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

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