Workforce Monthly Insights

Key Insights

  • Employment increased by 1,800 jobs from the previous month and increased by 8,300 jobs compared to the same month last year.
  • Full-time Employment increased by 3,100 jobs from the previous month and increased by 1,400 jobs year-over-year.
  • Part-time Employment decreased by 1,400 jobs from the previous month and increased by 6,800 jobs year-over-year.
  • Unemployment increased by 1,500 people from the previous month and increased by 900 compared to the same month last year.

Workforce Composition by Status

In the most recent month, Full-time Employment increased by 3,100 jobs from last month and increased by 1,400 jobs compared to the same month last year.

Part-time Employment decreased by 1,400 jobs from last month and increased by 6,800 jobs year-over-year.

The number of Unemployed individuals increased by 1,500 from the previous month and increased by 900 compared to last year.

Employment, Unemployment, and Participation Rate

The Employment Rate increased by 2.4 percentage points year-over-year.

The Unemployment Rate increased by 0.4 percentage points from a year ago.

The Participation Rate increased by 2.7 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels increased by 1,800 jobs in the most recent month and increased by 8,300 jobs compared to the same month last year.

In the most recent month, there was a net increased by 1,800 jobs. Over the last year, the labor market has seen a net increased by 8,300 jobs in total.

Top 3 Industries in Goods Sector

  • Construction : 8,400 workers.
  • Manufacturing : 7,600 workers.
  • Forestry, fishing, mining, quarrying, oil and gas : 2,100 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 : 20,200 workers.
  • Wholesale and retail trade : 17,800 workers.
  • Professional, scientific and technical services : 11,900 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

  • Wholesale and retail trade : Change of 2,600 workers ( decreased by 12.75 %).
  • Health care and social assistance : Change of 1,100 workers ( increased by 5.76 %).
  • Other services (except public administration) : Change of 1,000 workers ( decreased by 16.95 %).
  • Accommodation and food services : Change of 800 workers ( increased by 9.64 %).
  • Educational services : Change of 700 workers ( increased by 16.67 %).

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 6,900 workers ( decreased by 45.1 %).
  • Health care and social assistance : Change of 6,100 workers ( increased by 43.26 %).
  • Accommodation and food services : Change of 4,200 workers ( increased by 85.71 %).
  • Manufacturing : Change of 3,600 workers ( increased by 90 %).
  • Public administration : Change of 3,300 workers ( increased by 126.92 %).

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, Wholesale and retail trade, Professional, scientific and technical services, Health care and social assistance, Accommodation and food services.

Regional District of Central Okanagan — 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.