Workforce Composition by Status

In the most recent month, Full-time Employment decreased by 2,300 jobs from last month and increased by 11,600 jobs compared to the same month last year.

Part-time Employment decreased by 2,700 jobs from last month and decreased by 13,500 jobs year-over-year.

The number of Unemployed individuals increased by 1,100 from the previous month and decreased by 1,900 compared to last year.

Employment, Unemployment, and Participation Rate

The Employment Rate decreased by 1.6 percentage points year-over-year.

The Unemployment Rate decreased by 0.6 percentage points from a year ago.

The Participation Rate decreased by 2 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels decreased by 5,100 jobs in the most recent month and decreased by 1,900 jobs compared to the same month last year.

In the most recent month, there was a net decreased by 5,100 jobs. Over the last year, the labor market has seen a net decreased by 1,900 jobs in total.

Top 3 Industries in Goods Sector

• Construction : 38,100 workers.
• Manufacturing : 23,700 workers.
• Forestry, fishing, mining, quarrying, oil and gas : 10,600 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 : 45,000 workers.
• Wholesale and retail trade : 36,300 workers.
• Professional, scientific and technical services : 21,900 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

• Health care and social assistance : Change of 4,400 workers ( decreased by 8.91 %).
• Information, culture and recreation : Change of 2,000 workers ( increased by 12.12 %).
• Utilities : Change of 1,700 workers ( decreased by 100 %).
• Construction : Change of 1,700 workers ( increased by 4.67 %).
• Manufacturing : Change of 1,500 workers ( decreased by 5.95 %).
• Accommodation and food services : Change of 1,500 workers ( decreased by 7.98 %).

These industries saw the largest month-over-month changes, indicating short-term trends.

Top 5 Industries by Change from Same Month Last Year

• Construction : Change of 10,400 workers ( increased by 37.55 %).
• Wholesale and retail trade : Change of 9,900 workers ( decreased by 21.43 %).
• Educational services : Change of 9,000 workers ( decreased by 37.19 %).
• Information, culture and recreation : Change of 8,400 workers ( increased by 83.17 %).
• Public administration : Change of 7,300 workers ( increased by 80.22 %).

The year-over-year changes provide insights into longer-term shifts, highlighting industries that have grown or declined significantly.

Conclusion

Employment has seen a decline over the year, highlighting some challenges in the job market. Key industries driving the trend are: Construction, Manufacturing, Wholesale and retail trade, Professional, scientific and technical services, Health care and social assistance.

Employment Trends

Total employment in December 2024 was 6,410, showing a substantial decrease of 510. against December, employment levels reduced by 10, experiencing pressure.

Employment Rate Dynamics

The employment rate reached 53.9% in December 2024. This represents a decline of 4.4 percentage points from November (58.3%). Year-over-year, the rate decreased by 1.4 percentage points from 55.3%.

Unemployment Rate Trends

The unemployment rate was 5.4% in December 2024, down 1.9 percentage points from November. Compared to December last year (7.8%), the rate has decreased by 2.4 percentage points.

Employment: Regional vs Local Patterns

The moderate correlation (0.52) 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 moderate correlation (0.47) between regional and local levels. This shows moderate similarity in workforce engagement, suggesting that there are some shared labor market influences.

Unemployment Rate: Regional vs Local Patterns

The unemployment rate correlation of 0.21 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 .