Thunder Bay, ON Overview With a metropolitan population of over 125,000 and over 108,000 people living in the city ...
Thunder Bay, ON Overview
With a metropolitan population of over 125,000 and over 108,000 people living in the city itself, Thunder Bay enjoys a thriving urban centre and a mid-sized community. As the largest city in Northwest Ontario, Thunder Bay has a diverse culture with considerable Scandinavian and Eastern European influences. Between 2014 and 2015, Thunder Bay experienced a slight economic decline because several large projects were completed. Unemployment is expected to decline to 5.2 per cent.
Compared with Canada's largest cities, such as Toronto, Thunder Bay has a significantly lower cost of living, especially in the areas of housing and transportation, though costs like utilities and some retail staples are more variable.
Thunder Bay, ON Job Opportunities
Business, health care, and retail are Thunder Bay's three top employment sectors. Health care and education are expected to boost the economy in the coming years, so job seekers should look out for new health care jobs, including health care management jobs.
The Thunder Bay Regional Health Sciences Centre has attracted major scientists from all over the globe, and its growing presence in the city has attracted other businesses, such as grocery stores and hotels, to pop up nearby. Knowledge and research are areas of continuous expansion in Thunder Bay, ON.
Thunder Bay, ON Employment Trends
Manufacturing and forestry used to be major staples in the Thunder Bay economy, and while manufacturing still employs a significant percentage of Thunder Bay's workforce, overall, these two major industries have experienced a decline. Instead of looking for jobs here, job seekers should focus on education and medicine. Thunder Bay is home to both a medical school and a law school.
Thunder Bay also has a considerably service-oriented economy, especially in relation to the rest of its region. Its lakeside location offers continued diversity in the economy, and it keeps transportation and trade in major play in Thunder Bay's overall economy.