Workforce Composition by Status

In the most recent month, Full-time Employment increased by 9,000 jobs from last month and increased by 13,100 jobs compared to the same month last year.

Part-time Employment decreased by 500 jobs from last month and decreased by 15,200 jobs year-over-year.

The number of Unemployed individuals increased by 1,800 people from the previous month and increased by 6,000 people compared to last year.

Employment, Unemployment, and Participation Rate

The Employment Rate decreased by 1.4 percentage points from a year ago.

The Unemployment Rate increased by 1.8 percentage points from a year ago.

The Participation Rate decreased by 0.4 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels increased by 8,500 jobs from the previous month and decreased by 2,000 jobs compared to the same month last year.

In the most recent month, employment increased by 8,500 jobs . Over the last year, the labor market has decreased by 2,000 jobs .

Top 3 Industries in Goods Sector

• Construction : 37,200 workers.
• Manufacturing : 20,400 workers.
• Forestry, fishing, mining, quarrying, oil and gas : 9,100 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 : 43,200 workers.
• Wholesale and retail trade : 40,200 workers.
• Professional, scientific and technical services : 24,000 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

• Educational services : Change of 2,700 workers ( increased by 15.88 %).
• Wholesale and retail trade : Change of 2,100 workers ( increased by 5.51 %).
• Professional, scientific and technical services : Change of 2,000 workers ( increased by 9.09 %).
• Business, building and other support services : Change of 1,700 workers ( increased by 19.54 %).
• Accommodation and food services : Change of 1,000 workers ( decreased by 6.17 %).

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

Top 5 Industries by Change from Same Month Last Year

• Public administration : Change of 7,200 workers ( increased by 80 %).
• Accommodation and food services : Change of 5,800 workers ( decreased by 27.62 %).
• Construction : Change of 5,200 workers ( increased by 16.25 %).
• Information, culture and recreation : Change of 5,200 workers ( increased by 34.67 %).
• Other services (except public administration) : Change of 4,800 workers ( decreased by 29.45 %).

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 notable decrease of 510. from December, employment levels declined by 10, showing strain.

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 (0.40) 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 (0.37) 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 0.09 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 .