Workforce Composition by Status

In the most recent month, Full-time Employment increased by 800 jobs from last month and remained unchanged at 0 jobs compared to the same month last year.

Part-time Employment decreased by 300 jobs from last month and increased by 500 jobs year-over-year.

The number of Unemployed individuals increased by 700 from the previous month and increased by 500 compared to last year.

Employment, Unemployment, and Participation Rate

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

The Unemployment Rate increased by 1.1 percentage points from a year ago.

The Participation Rate increased by 1.3 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels increased by 400 jobs in the most recent month and increased by 400 jobs compared to the same month last year.

In the most recent month, there was a net increased by 400 jobs. Over the last year, the labor market has seen a net increased by 400 jobs in total.

Top 3 Industries in Goods Sector

• Forestry, fishing, mining, quarrying, oil and gas : 4,600 workers.
• Construction : 4,500 workers.
• Manufacturing : 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 : 5,100 workers.
• Wholesale and retail trade : 4,700 workers.
• Accommodation and food services : 2,500 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

• Manufacturing : Change of 400 workers ( increased by 23.53 %).
• Health care and social assistance : Change of 400 workers ( increased by 8.51 %).
• Construction : Change of 300 workers ( decreased by 6.25 %).
• Public administration : Change of 300 workers ( increased by 15 %).
• Educational services : Change of 200 workers ( increased by 10.53 %).
• Accommodation and food services : Change of 200 workers ( decreased by 7.41 %).

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 2,300 workers ( increased by Inf %).
• Manufacturing : Change of 2,100 workers ( increased by Inf %).
• Forestry, fishing, mining, quarrying, oil and gas : Change of 1,900 workers ( decreased by 29.23 %).
• Construction : Change of 1,100 workers ( increased by 32.35 %).
• Wholesale and retail trade : Change of 1,100 workers ( decreased by 18.97 %).

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: 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 considerable decrease of 570. from December, employment levels contracted by 670, showing strain.

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 (-0.02) 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 0.62 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 .