North Bay Unemployment


The Unemployment Rate in North Bay is 16.1%. This accounts for non-institutional persons 15 years or older who are seeking employment. The Participation rate in North Bay is 42.6%. The participation rate is a measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases. The Employment rate in North Bay is 50.8%. The employment rate represents the number of employed persons expressed as a percentage of the population aged 15 years and over.

StatisticPercentage
Participation rate46.39 %
Employment rate38.90 %
Unemployment rate14.70 %
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