Updated monthly, local monthly workforce trends focus on total employment, and employment unemployment rates estimates at "small-area" level.
Yellowhead County consists of the following communities: Yellowhead County, Hinton, Edson .
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Total employment in December 2024 was 15,780, showing a significant decrease of 420. compared to December, employment levels fell by 1,660, facing headwinds.
The employment rate reached 65.3% in December 2024. This represents a decline of 1.8 percentage points from November (67.1%). Year-over-year, the rate decreased by 7.8 percentage points from 73.1%.
The unemployment rate was 5.2% in December 2024, down 1.8 percentage points from November. Compared to December last year (5.9%), the rate has decreased by 0.7 percentage points.
Employment rates show a strong correlation (0.86) between regional and local levels. This indicates strong alignment in workforce participation, suggesting that labor market conditions affect both areas similarly.
The unemployment rate correlation of 0.47 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 300 jobs from last month and increased by 600 jobs compared to the same month last year.
Part-time Employment decreased by 2,900 jobs from last month and decreased by 12,800 jobs year-over-year.
The number of Unemployed individuals increased by 2,400 from the previous month and increased by 3,200 compared to last year.
The Employment Rate decreased by 5.2 percentage points year-over-year.
The Unemployment Rate increased by 1.9 percentage points from a year ago.
The Participation Rate decreased by 4.3 percentage points year-over-year.
Employment levels decreased by 3,300 jobs in the most recent month and decreased by 12,300 jobs compared to the same month last year.
In the most recent month, there was a net decreased by 3,300 jobs. Over the last year, the labor market has seen a net decreased by 12,300 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: Forestry, fishing, mining, quarrying, oil and gas, Construction, Wholesale and retail trade, Health care and social assistance, Accommodation and food services.
Among 63 small areas in Alberta, Yellowhead County ranks 5th with an employment rate of 65.3%. The provincial range is 40.0% to 67.5%, with half of areas between 53.7% and 60.5% (median: 57.6%).
Among 63 small areas in Alberta, Yellowhead County ranks 10th with an unemployment rate of 5.2%. The provincial range is 3.8% to 10.6%, with half of areas between 5.4% and 6.5% (median: 5.8%).
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