Updated monthly, local monthly workforce trends focus on total employment, and employment unemployment rates estimates at "small-area" level.
Vernon consists of the following communities: Coldstream, Vernon, North Okanagan B, North Okanagan C, Okanagan (Part) 1, Priest's Valley 6 .
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Total employment in December 2024 was 34,700, showing a marginal increase of 130. compared to December, employment levels expanded by 130, indicating growth.
The employment rate reached 58.7% in December 2024. This represents a rise of 0.2 percentage points from November (58.5%). Year-over-year, the rate decreased by 0.5 percentage points from 59.2%.
The unemployment rate was 5.6% in December 2024, down 0.1 percentage points from November. Compared to December last year (4.7%), the rate has increased by 0.9 percentage points.
Employment rates show a moderate correlation (0.60) between regional and local levels. This shows moderate similarity in workforce engagement, suggesting that there are some shared labor market influences.
The unemployment rate correlation of 0.37 shows a moderate relationship. This suggests some common unemployment drivers, indicating that there is partial alignment in labor market stress.
In the most recent month, Full-time Employment decreased by 2,300 jobs from last month and increased by 11,600 jobs compared to the same month last year.
Part-time Employment decreased by 2,700 jobs from last month and decreased by 13,500 jobs year-over-year.
The number of Unemployed individuals increased by 1,100 from the previous month and decreased by 1,900 compared to last year.
The Employment Rate decreased by 1.6 percentage points year-over-year.
The Unemployment Rate decreased by 0.6 percentage points from a year ago.
The Participation Rate decreased by 2 percentage points year-over-year.
Employment levels decreased by 5,100 jobs in the most recent month and decreased by 1,900 jobs compared to the same month last year.
In the most recent month, there was a net decreased by 5,100 jobs. Over the last year, the labor market has seen a net decreased by 1,900 jobs in total.
The Goods sector is mainly driven by industries such as Construction, Manufacturing, and Agriculture, which together account for a substantial share of the workforce.
In the Services sector, Health Care, Retail, and Professional Services lead employment, representing a dominant portion of the workforce.
These industries saw the largest month-over-month changes, indicating short-term trends.
The year-over-year changes provide insights into longer-term shifts, highlighting industries that have grown or declined significantly.
Employment has seen a decline over the year, highlighting some challenges in the job market. Key industries driving the trend are: Construction, Manufacturing, Wholesale and retail trade, Professional, scientific and technical services, Health care and social assistance.
Among 94 small areas in British Columbia, Vernon ranks 11th with an employment rate of 58.7%. The provincial range is 36.2% to 63.2%, with half of areas between 42.5% and 54.7% (median: 48.8%).
Among 94 small areas in British Columbia, Vernon ranks 26th with an unemployment rate of 5.6%. The provincial range is 3.6% to 15.6%, with half of areas between 5.5% and 7.0% (median: 6.1%).
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2025
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
Forecasted employment in the period 2024-2034
High-opportunity occupations
High opportunity occupations by NOC based on forecasted number of job openings in the period 2024-2034
BC workforce supply composition for the period 2024-2034
Forecasted number of new job market entrants in the period 2024-2034
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.