Workforce Composition by Status

In the most recent month, Full-time Employment decreased by 1,100 jobs from last month and increased by 6,000 jobs compared to the same month last year.

Part-time Employment increased by 5,600 jobs from last month and increased by 7,400 jobs year-over-year.

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

Employment, Unemployment, and Participation Rate

The Employment Rate increased by 0.5 percentage points year-over-year.

The Unemployment Rate increased by 0.1 percentage points from a year ago.

The Participation Rate increased by 0.5 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels increased by 4,600 jobs in the most recent month and increased by 13,500 jobs compared to the same month last year.

In the most recent month, there was a net increased by 4,600 jobs. Over the last year, the labor market has seen a net increased by 13,500 jobs in total.

Top 3 Industries in Goods Sector

• Construction : 38,600 workers.
• Manufacturing : 18,700 workers.
• Forestry, fishing, mining, quarrying, oil and gas : 7,000 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

• Health care and social assistance : 84,900 workers.
• Wholesale and retail trade : 64,600 workers.
• Public administration : 44,100 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 4,000 workers ( increased by 6.6 %).
• Finance, insurance, real estate, rental and leasing : Change of 1,100 workers ( decreased by 5.26 %).
• Educational services : Change of 1,100 workers ( increased by 2.74 %).
• Public administration : Change of 1,000 workers ( increased by 2.32 %).
• Agriculture : Change of 900 workers ( decreased by 30 %).
• Transportation and warehousing : Change of 900 workers ( decreased by 5.2 %).

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

Top 5 Industries by Change from Same Month Last Year

• Accommodation and food services : Change of 8,300 workers ( increased by 32.42 %).
• Wholesale and retail trade : Change of 5,900 workers ( decreased by 8.37 %).
• Professional, scientific and technical services : Change of 5,700 workers ( increased by 16.43 %).
• Educational services : Change of 5,000 workers ( increased by 13.77 %).
• Forestry, fishing, mining, quarrying, oil and gas : Change of 3,500 workers ( decreased by 33.33 %).

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: Wholesale and retail trade, Professional, scientific and technical services, Educational services, Health care and social assistance, Public administration.

Employment Trends

Total employment in November 2024 was 13,930, showing a modest increase of 270. compared to November, employment levels contracted by 710, facing headwinds.

Employment Rate Dynamics

The employment rate reached 57.1% in November 2024. This represents a rise of 1.1 percentage points from October (56.0%). Year-over-year, the rate decreased by 3.7 percentage points from 60.8%.

Unemployment Rate Trends

The unemployment rate was 5.2% in November 2024, down 0.1 percentage points from October. Compared to November last year (5.1%), the rate has increased by 0.1 percentage points.

Employment: Regional vs Local Patterns

The weak correlation (0.30) 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 moderate correlation (0.35) 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 -0.57 shows a weak relationship. This points to distinct local unemployment dynamics, indicating that local unemployment follows its own distinct pattern.

Port Alberni consists of the following communities: Port Alberni, Alberni-Clayoquot B, Alberni-Clayoquot D, Alberni-Clayoquot E, Alberni-Clayoquot F, Ahahswinis 1, Alberni 2, Tsahaheh 1, Klehkoot 2 .