Association of Interior REALTORS - South Peace River Region

Okanagan Employment Trends

The unemployment rate in the Okanagan region was 4.3% as of May 2024, down 0.6% from the previous month. The unemployment rate stood 7.7% below the peak from June 2009 and is below the long-run average.

There were 1,000 fewer full-time jobs in May 2024 compared to a month earlier. A gain of 400 part-time positions led to a decrease of 600 total jobs in May.

Full-time employment was still down 10,000 jobs from the peak in May 2023.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.


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