Kelowna CMA Workforce Insights

Key Insights

  • Employment decreased by 4,500 jobs from the previous month and decreased by 900 jobs compared to the same month last year.
  • Full-time Employment decreased by 4,000 jobs from the previous month and decreased by 3,200 jobs year-over-year.
  • Part-time Employment decreased by 600 jobs from the previous month and increased by 2,200 jobs year-over-year.
  • Unemployment increased by 700 people from the previous month and increased by 600 compared to the same month last year.

Workforce Composition by Status

In the most recent month, Full-time Employment decreased by 4,000 jobs from last month and decreased by 3,200 jobs compared to the same month last year.

Part-time Employment decreased by 600 jobs from last month and increased by 2,200 jobs year-over-year.

The number of Unemployed individuals increased by 700 from the previous month and increased by 600 compared to last year.

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Employment, Unemployment, and Participation Rate

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

The Unemployment Rate increased by 0.5 percentage points from a year ago.

The Participation Rate decreased by 2.2 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels decreased by 4,500 jobs in the most recent month and decreased by 900 jobs compared to the same month last year.

In the most recent month, there was a net decreased by 4,500 jobs. Over the last year, the labor market has seen a net decreased by 900 jobs in total.

Top 3 Industries in Goods Sector

  • Manufacturing : 8,700 workers.
  • Construction : 8,000 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 : 19,700 workers.
  • Wholesale and retail trade : 14,200 workers.
  • Professional, scientific and technical services : 12,000 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

  • Wholesale and retail trade : Change of 1,900 workers ( decreased by 11.8 %).
  • Health care and social assistance : Change of 1,400 workers ( decreased by 6.64 %).
  • Information, culture and recreation : Change of 1,400 workers ( increased by 19.44 %).
  • Public administration : Change of 1,000 workers ( decreased by 18.87 %).
  • Finance, insurance, real estate, rental and leasing : Change of 600 workers ( increased by 10.17 %).
  • Educational services : Change of 600 workers ( decreased by 11.54 %).
  • Accommodation and food services : Change of 600 workers ( decreased by 6.59 %).

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 6,100 workers ( decreased by 43.26 %).
  • Health care and social assistance : Change of 4,900 workers ( increased by 33.11 %).
  • Wholesale and retail trade : Change of 4,500 workers ( decreased by 24.06 %).
  • Information, culture and recreation : Change of 3,700 workers ( increased by 75.51 %).
  • Other services (except public administration) : Change of 3,600 workers ( decreased by 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: Manufacturing, Wholesale and retail trade, Professional, scientific and technical services, Health care and social assistance, Information, culture and recreation.

Monthly Regional Workforce Trends

Updated monthly, these workforce trends focus on changes in total employment, employment by industry, and employment unemployment rates at the Economic Region level.

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Census metropolitan area

Workforce Composition by Status

In the most recent month, Full-time Employment decreased by 4,000 jobs from last month and decreased by 3,200 jobs compared to the same month last year.

Part-time Employment decreased by 600 jobs from last month and increased by 2,200 jobs year-over-year.

The number of Unemployed individuals increased by 700 from the previous month and increased by 600 compared to last year.

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Census metropolitan area

Employment, Unemployment, and Participation Rate

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

The Unemployment Rate increased by 0.5 percentage points from a year ago.

The Participation Rate decreased by 2.2 percentage points year-over-year.

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Census metropolitan area

Jobs Added or Lost by Month

Employment levels decreased by 4,500 jobs in the most recent month and decreased by 900 jobs compared to the same month last year.

In the most recent month, there was a net decreased by 4,500 jobs. Over the last year, the labor market has seen a net decreased by 900 jobs in total.

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Census metropolitan area

Top 3 Industries in Goods Sector

  • Manufacturing : 8,700 workers.
  • Construction : 8,000 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 : 19,700 workers.
  • Wholesale and retail trade : 14,200 workers.
  • Professional, scientific and technical services : 12,000 workers.

In the Services sector, Health Care, Retail, and Professional Services lead employment, representing a dominant portion of the workforce.

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Census metropolitan area

Top 5 Industries by Change from Previous Month

  • Wholesale and retail trade : Change of 1,900 workers ( decreased by 11.8 %).
  • Health care and social assistance : Change of 1,400 workers ( decreased by 6.64 %).
  • Information, culture and recreation : Change of 1,400 workers ( increased by 19.44 %).
  • Public administration : Change of 1,000 workers ( decreased by 18.87 %).
  • Finance, insurance, real estate, rental and leasing : Change of 600 workers ( increased by 10.17 %).
  • Educational services : Change of 600 workers ( decreased by 11.54 %).
  • Accommodation and food services : Change of 600 workers ( decreased by 6.59 %).

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

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Census metropolitan area

Top 5 Industries by Change from Same Month Last Year

  • Construction : Change of 6,100 workers ( decreased by 43.26 %).
  • Health care and social assistance : Change of 4,900 workers ( increased by 33.11 %).
  • Wholesale and retail trade : Change of 4,500 workers ( decreased by 24.06 %).
  • Information, culture and recreation : Change of 3,700 workers ( increased by 75.51 %).
  • Other services (except public administration) : Change of 3,600 workers ( decreased by 45 %).

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

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Census metropolitan area

Conclusion

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

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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 2024-2034

Forecasted number of new job openings in the period 2024-2034

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Data source: Labour Market Analytics, Forecasting & Information

Forecasted employment in the period 2024-2034

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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 2024-2034

Data source: Labour Market Analytics, Forecasting & Information

BC workforce supply composition for the period 2024-2034

Forecasted number of new job market entrants in the period 2024-2034

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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.