Workforce Composition by Status

In the most recent month, Full-time Employment remained unchanged at 0 jobs from last month and increased by 300 jobs compared to the same month last year.

Part-time Employment decreased by 100 jobs from last month and decreased by 300 jobs year-over-year.

The number of Unemployed individuals increased by 200 from the previous month and increased by 500 compared to last year.

Employment, Unemployment, and Participation Rate

The Employment Rate decreased by 0.3 percentage points year-over-year.

The Unemployment Rate increased by 1.2 percentage points from a year ago.

The Participation Rate increased by 0.7 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels decreased by 100 jobs in the most recent month and remained unchanged at 0 jobs compared to the same month last year.

In the most recent month, there was a net decreased by 100 jobs. Over the last year, the labor market has seen a net remained unchanged at 0 jobs in total.

Top 3 Industries in Goods Sector

• Forestry, fishing, mining, quarrying, oil and gas : 4,800 workers.
• Construction : 3,500 workers.
• Manufacturing : 2,300 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

• Wholesale and retail trade : 5,300 workers.
• Health care and social assistance : 5,300 workers.
• Accommodation and food services : 2,600 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

• Construction : Change of 1,000 workers ( decreased by 22.22 %).
• Wholesale and retail trade : Change of 600 workers ( increased by 12.77 %).
• Forestry, fishing, mining, quarrying, oil and gas : Change of 200 workers ( increased by 4.35 %).
• Manufacturing : Change of 200 workers ( increased by 9.52 %).
• Health care and social assistance : Change of 200 workers ( increased by 3.92 %).
• Other services (except public administration) : Change of 200 workers ( increased by 8.7 %).

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 2,400 workers ( increased by Inf %).
• Manufacturing : Change of 2,300 workers ( increased by Inf %).
• Finance, insurance, real estate, rental and leasing : Change of 1,600 workers ( decreased by 100 %).
• Forestry, fishing, mining, quarrying, oil and gas : Change of 1,500 workers ( decreased by 23.81 %).
• Health care and social assistance : Change of 700 workers ( increased by 15.22 %).

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: Forestry, fishing, mining, quarrying, oil and gas, Construction, Wholesale and retail trade, Health care and social assistance, Accommodation and food services.

Employment Trends

Total employment in December 2024 was 3,240, showing a notable decrease of 570. compared to December, employment levels fell by 670, experiencing pressure.

Employment Rate Dynamics

The employment rate reached 47.9% in December 2024. This represents a decline of 8.3 percentage points from November (56.2%). Year-over-year, the rate decreased by 9.0 percentage points from 56.9%.

Unemployment Rate Trends

The unemployment rate was 6.2% in December 2024, down 1.9 percentage points from November. Compared to December last year (6.4%), the rate has decreased by 0.2 percentage points.

Employment: Regional vs Local Patterns

The weak correlation (0.02) between regional and local employment levels indicates relatively independent employment patterns. This suggests that local employment dynamics are largely independent from regional trends.

Employment Rate: Regional vs Local Patterns

Employment rates show a weak correlation (-0.01) 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 0.61 shows a moderate relationship. This suggests some common unemployment drivers, indicating that there is partial alignment in labor market stress.

Peace River B consists of the following communities: Peace River B, Blueberry River 205, Doig River 206, Fort Ware 1, Halfway River 168, Ingenika Point, Northern Rockies, Fontas 1, Fort Nelson 2, Kahntah 3, Prophet River 4 .