Thompson-Okanagan Economic Region
Workforce Insights
Key Insights
Employment
decreased by
1,500
jobs from the previous month and
increased by
7,200
jobs compared to the same month last year.
Full-time Employment
decreased by
400
jobs from the previous month and
increased by
7,500
jobs year-over-year.
Part-time Employment
decreased by
1,000
jobs from the previous month and
decreased by
100
jobs year-over-year.
Unemployment
remained unchanged at
0
people from the previous month and
increased by
1,600
compared to the same month last year.
Workforce Composition by Status
In the most recent month,
Full-time Employment
decreased by
400
jobs from last month and
increased by
7,500
jobs compared to the same month last year.
Part-time Employment
decreased by
1,000
jobs from last month and
decreased by
100
jobs year-over-year.
The number of
Unemployed
individuals
remained unchanged at
0
from the previous month and
increased by
1,600
compared to last year.
Scroll down to explore the data
Employment, Unemployment, and Participation Rate
The
Employment Rate
remained unchanged at
0
percentage points year-over-year.
The
Unemployment Rate
increased by
0.3
percentage points from a year ago.
The
Participation Rate
increased by
0.2
percentage points year-over-year.
Jobs Added or Lost by Month
Employment levels
decreased by
1,500
jobs in the most recent month and
increased by
7,200
jobs compared to the same month last year.
In the most recent month, there was a net
decreased by
1,500
jobs.
Over the last year, the labor market has seen a net
increased by
7,200
jobs in total.
Top 3 Industries in Goods Sector
Construction
:
36,200
workers.
Manufacturing
:
25,000
workers.
Forestry, fishing, mining, quarrying, oil and gas
:
11,400
workers.
The Goods sector is mainly driven by industries such as Construction, Manufacturing, and Agriculture, which together account for a substantial share of the workforce.
Top 3 Industries in Services Sector
Health care and social assistance
:
54,100
workers.
Wholesale and retail trade
:
35,000
workers.
Professional, scientific and technical services
:
23,500
workers.
In the Services sector, Health Care, Retail, and Professional Services lead employment, representing a dominant portion of the workforce.
Top 5 Industries by Change from Previous Month
Wholesale and retail trade
: Change of
4,200
workers (
decreased by
10.71
%).
Information, culture and recreation
: Change of
2,200
workers (
increased by
17.74
%).
Finance, insurance, real estate, rental and leasing
: Change of
2,100
workers (
increased by
17.07
%).
Utilities
: Change of
1,600
workers (
decreased by
100
%).
Business, building and other support services
: Change of
1,200
workers (
decreased by
11.65
%).
These industries saw the largest month-over-month changes, indicating short-term trends.
Top 5 Industries by Change from Same Month Last Year
Health care and social assistance
: Change of
13,000
workers (
increased by
31.63
%).
Wholesale and retail trade
: Change of
12,700
workers (
decreased by
26.62
%).
Construction
: Change of
7,900
workers (
increased by
27.92
%).
Educational services
: Change of
6,700
workers (
decreased by
28.63
%).
Public administration
: Change of
6,600
workers (
increased by
70.97
%).
The year-over-year changes provide insights into longer-term shifts, highlighting industries that have grown or declined significantly.
Conclusion
The overall employment trend is positive, with strong growth in the past year.
Key industries driving the trend are: Construction, Manufacturing, Wholesale and retail trade, Professional, scientific and technical services, Health care and social assistance.
Local Workforce Insights
Key Local Labour Market Insights
Total local employment reached 6,920 in November 2024, it expanded by 590 jobs from October and grew by 640 jobs year-over-year.
The local employment rate registered 58.3%. It grew of 5.0 percentage points
from October and increased by 4.2 percentage points from same month last year.
Local unemployment rate reached 7.3%. It increased by 0.9 percentage points month-over-month, and decreased by 0.6 percentage points year-over-year.
Employment Trends
Total employment in November 2024 was 6,920, showing a notable increase of 590. from November, employment levels improved by 640, showing strength.
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Employment Rate Dynamics
The employment rate reached 58.3% in November 2024. This represents a rise of 5.0 percentage points from October (53.3%). Year-over-year, the rate improved by 4.2 percentage points from 54.1%.
Unemployment Rate Trends
The unemployment rate was 7.3% in November 2024, up 0.9 percentage points from October. Compared to November last year (7.9%), the rate has decreased by 0.6 percentage points.
Employment: Regional vs Local Patterns
The moderate correlation (0.33) between regional and local employment levels indicates some alignment in employment trends. This suggests that local employment partially reflects regional patterns.
Employment Rate: Regional vs Local Patterns
Employment rates show a weak correlation (0.27) between regional and local levels. This suggests distinct local employment rate patterns, suggesting that local labor market conditions operate independently.
Unemployment Rate: Regional vs Local Patterns
The unemployment rate correlation of 0.18 shows a weak relationship. This points to distinct local unemployment dynamics, indicating that local unemployment follows its own distinct pattern.
Revelstoke
consists of the following communities:
Revelstoke, Columbia-Shuswap B, Columbia-Shuswap E, Sicamous
.
Updated monthly, local monthly workforce trends focus on total employment,
and employment unemployment rates estimates at "small-area" level.
Revelstoke
consists of the following communities:
Revelstoke, Columbia-Shuswap B, Columbia-Shuswap E, Sicamous
.
Scroll down to explore the data
Local area
Employment Trends
Total employment in November 2024 was 6,920, showing a notable increase of 590. from November, employment levels improved by 640, showing strength.
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Local area
Employment Rate Dynamics
The employment rate reached 58.3% in November 2024. This represents a rise of 5.0 percentage points from October (53.3%). Year-over-year, the rate improved by 4.2 percentage points from 54.1%.
Unemployment Rate Trends
The unemployment rate was 7.3% in November 2024, up 0.9 percentage points from October. Compared to November last year (7.9%), the rate has decreased by 0.6 percentage points.
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Local area
Employment Rate: Regional vs Local Patterns
Employment rates show a weak correlation (0.27) between regional and local levels. This suggests distinct local employment rate patterns, suggesting that local labor market conditions operate independently.
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Local area
Unemployment Rate: Regional vs Local Patterns
The unemployment rate correlation of 0.18 shows a weak relationship. This points to distinct local unemployment dynamics, indicating that local unemployment follows its own distinct pattern.
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Economic region
Workforce Composition by Status
In the most recent month,
Full-time Employment
decreased by
400
jobs from last month and
increased by
7,500
jobs compared to the same month last year.
Part-time Employment
decreased by
1,000
jobs from last month and
decreased by
100
jobs year-over-year.
The number of
Unemployed
individuals
remained unchanged at
0
from the previous month and
increased by
1,600
compared to last year.
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Economic region
Employment, Unemployment, and Participation Rate
The
Employment Rate
remained unchanged at
0
percentage points year-over-year.
The
Unemployment Rate
increased by
0.3
percentage points from a year ago.
The
Participation Rate
increased by
0.2
percentage points year-over-year.
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Economic region
Jobs Added or Lost by Month
Employment levels
decreased by
1,500
jobs in the most recent month and
increased by
7,200
jobs compared to the same month last year.
In the most recent month, there was a net
decreased by
1,500
jobs.
Over the last year, the labor market has seen a net
increased by
7,200
jobs in total.
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Economic region
Top 3 Industries in Goods Sector
Construction
:
36,200
workers.
Manufacturing
:
25,000
workers.
Forestry, fishing, mining, quarrying, oil and gas
:
11,400
workers.
The Goods sector is mainly driven by industries such as Construction, Manufacturing, and Agriculture, which together account for a substantial share of the workforce.
Top 3 Industries in Services Sector
Health care and social assistance
:
54,100
workers.
Wholesale and retail trade
:
35,000
workers.
Professional, scientific and technical services
:
23,500
workers.
In the Services sector, Health Care, Retail, and Professional Services lead employment, representing a dominant portion of the workforce.
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Economic region
Top 5 Industries by Change from Previous Month
Wholesale and retail trade
: Change of
4,200
workers (
decreased by
10.71
%).
Information, culture and recreation
: Change of
2,200
workers (
increased by
17.74
%).
Finance, insurance, real estate, rental and leasing
: Change of
2,100
workers (
increased by
17.07
%).
Utilities
: Change of
1,600
workers (
decreased by
100
%).
Business, building and other support services
: Change of
1,200
workers (
decreased by
11.65
%).
These industries saw the largest month-over-month changes, indicating short-term trends.
Loading...
Economic region
Top 5 Industries by Change from Same Month Last Year
Health care and social assistance
: Change of
13,000
workers (
increased by
31.63
%).
Wholesale and retail trade
: Change of
12,700
workers (
decreased by
26.62
%).
Construction
: Change of
7,900
workers (
increased by
27.92
%).
Educational services
: Change of
6,700
workers (
decreased by
28.63
%).
Public administration
: Change of
6,600
workers (
increased by
70.97
%).
The year-over-year changes provide insights into longer-term shifts, highlighting industries that have grown or declined significantly.
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Economic region
Conclusion
The overall employment trend is positive, with strong growth in the past year.
Key industries driving the trend are: Construction, Manufacturing, Wholesale and retail trade, Professional, scientific and technical services, Health care and social assistance.
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Employment rate Provincial Comparison
Among 94 small areas in British Columbia, Revelstoke ranks 14th with an employment rate of 58.3%. The provincial range is 23.4% to 67.4%, with half of areas between 37.2% and 56.9% (median: 51.5%).
Unemployment rate Provincial Comparison
Among 94 small areas in British Columbia, Revelstoke ranks 62nd with an unemployment rate of 7.3%. The provincial range is 3.7% to 13.4%, with half of areas between 5.6% and 7.5% (median: 6.4%).
Thompson-Okanagan Economic region — Labour Market Outlook
Total Job Openings
Most Job Openings
Job openings and employment by occupation and industry for the period 2023-2033
Forecasted number of new job openings in the period 2023-2033
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Data source: Labour Market Analytics, Forecasting & Information
Forecasted employment in the period 2023-2033
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Data source: Labour Market Analytics, Forecasting & Information
High-opportunity occupations
High opportunity occupations by NOC based on forecasted number of job openings in the period 2023-2033
Data source: Labour Market Analytics, Forecasting & Information
BC workforce supply composition for the period 2023-2033
Forecasted number of new job market entrants in the period 2023-2033
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Data source: Labour Market Analytics, Forecasting & Information
These job openings provide a forecast for the demand for labour
with the associated education background. This is a demand projection only
and is not a measure of how many graduates the B.C. education system needs to produce.
These job openings are projected to be supplied through a mix of young
B.C. residents starting work after being educated either in B.C. or
other jurisdictions, immigrants, migrants from other provinces,
or existing residents pursuing additional education.
Planners should take these other possible sources of supply into account
when using these projections for post-secondary program planning purposes.