Workforce Composition by Status

In the most recent month, Full-time Employment increased by 600 jobs from last month and decreased by 2,800 jobs compared to the same month last year.

Part-time Employment increased by 1,500 jobs from last month and decreased by 2,600 jobs year-over-year.

The number of Unemployed individuals increased by 700 from the previous month and decreased by 300 compared to last year.

Employment, Unemployment, and Participation Rate

The Employment Rate decreased by 4.7 percentage points year-over-year.

The Unemployment Rate remained unchanged at 0 percentage points from a year ago.

The Participation Rate decreased by 4.8 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels increased by 1,900 jobs in the most recent month and decreased by 5,600 jobs compared to the same month last year.

In the most recent month, there was a net increased by 1,900 jobs. Over the last year, the labor market has seen a net decreased by 5,600 jobs in total.

Top 3 Industries in Goods Sector

• Construction : 9,000 workers.
• Forestry, fishing, mining, quarrying, oil and gas : 6,400 workers.
• Manufacturing : 6,000 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 : 13,400 workers.
• Health care and social assistance : 13,400 workers.
• Educational services : 7,200 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

• Public administration : Change of 2,200 workers ( decreased by 100 %).
• Construction : Change of 1,600 workers ( increased by 21.62 %).
• Forestry, fishing, mining, quarrying, oil and gas : Change of 1,500 workers ( decreased by 18.99 %).
• Accommodation and food services : Change of 1,100 workers ( increased by 19.3 %).
• Wholesale and retail trade : Change of 1,000 workers ( increased by 8.06 %).

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

Top 5 Industries by Change from Same Month Last Year

• Information, culture and recreation : Change of 3,600 workers ( increased by Inf %).
• Wholesale and retail trade : Change of 3,100 workers ( decreased by 18.79 %).
• Business, building and other support services : Change of 3,100 workers ( decreased by 100 %).
• Public administration : Change of 3,000 workers ( decreased by 100 %).
• Other services (except public administration) : Change of 2,600 workers ( decreased by 60.47 %).

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, Wholesale and retail trade, Educational services, Health care and social assistance, Accommodation and food services.

Employment Trends

Total employment in December 2024 was 5,260, showing a substantial increase of 110. in contrast to December, employment levels gained 390, demonstrating resilience.

Employment Rate Dynamics

The employment rate reached 48.3% in December 2024. This represents a rise of 1.0 percentage points from November (47.3%). Year-over-year, the rate improved by 3.7 percentage points from 44.6%.

Unemployment Rate Trends

The unemployment rate was 8.9% in December 2024, up 0.5 percentage points from November. Compared to December last year (9.4%), the rate has decreased by 0.5 percentage points.

Employment: Regional vs Local Patterns

The moderate correlation (0.59) 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 (0.66) 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 -0.03 shows a weak relationship. This points to distinct local unemployment dynamics, indicating that local unemployment follows its own distinct pattern.

Creston consists of the following communities: Creston, Central Kootenay A, Central Kootenay B, Central Kootenay C, Creston 1 .