Okanagan Employment Trends

The unemployment rate in the Okanagan region was 4.7% as of November 2024, up 0.2% from the previous month. The unemployment rate stood 7.3% below the peak from June 2009 and is below the long-run average.

There were 3,600 more full-time jobs in November 2024 compared to a month earlier. A loss of 4,000 part-time positions led to a decrease of 400 total jobs in November.

Full-time employment was still down 9,500 jobs from the peak in May 2023 but stood 6,700 jobs above the trough in September 2024.

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

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Okanagan Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Okanagan Employment Trends assumes any responsibility or liability. Copyright ©2024. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Association of Interior REALTORS® - Okanagan Branch