Canadian Chamber of Commerce chief economist Stephen Tapp filled a local audience in on the 2023 Development Outlook, including various insights regarding the local economy
Greater Sudbury is lagging behind other municipalities when it comes to employment recovery post-COVID, with employed Greater Sudburians down 4.8 per cent from January 2020.
At the same time, the city’s unemployment rate has also been historically low and the city’s population grew by 2.8 per cent between 2016 and 2021. During his presentation, Tapp also pointed to the limited number of immigrants working in the Greater Sudbury area as affecting the local economy. While immigrants make up approximately 25.8 per cent of the national labour force, less than six per cent of people employed in Greater Sudbury were born outside of Canada.
When it comes to returning to in-person work downtown, Greater Sudbury ranks 42 of 55 cities listed and considered “not recovered.” “The power has shifted from businesses down to workers in this labour market,” Tapp said, noting, “Labour is scarce.”
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