Updated monthly, local monthly workforce trends focus on total employment, and employment unemployment rates estimates at "small-area" level.
Red Deer County consists of the following communities: Red Deer County, Elnora, Delburne, Bowden, Innisfail, Penhold, Lacombe County, Birchcliff, Eckville, Half Moon Bay, Bentley, Sunbreaker Cove, Gull Lake, Blackfalds, Clive, Alix .
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Total employment in December 2024 was 33,810, showing a modest decrease of 570. against December, employment levels gained 1,010, indicating growth.
The employment rate reached 65.1% in December 2024. This represents a decline of 1.2 percentage points from November (66.3%). Year-over-year, the rate decreased by 0.1 percentage points from 65.2%.
The unemployment rate was 5.4% in December 2024, down 1.3 percentage points from November. Compared to December last year (6.5%), the rate has decreased by 1.1 percentage points.
Employment rates show a weak correlation (-0.30) between regional and local levels. This suggests distinct local employment rate patterns, suggesting that local labor market conditions operate independently.
The unemployment rate correlation of -0.13 shows a weak relationship. This points to distinct local unemployment dynamics, indicating that local unemployment follows its own distinct pattern.
In the most recent month, Full-time Employment increased by 200 jobs from last month and increased by 4,500 jobs compared to the same month last year.
Part-time Employment increased by 200 jobs from last month and decreased by 5,400 jobs year-over-year.
The number of Unemployed individuals decreased by 500 from the previous month and increased by 800 compared to last year.
The Employment Rate decreased by 2.4 percentage points year-over-year.
The Unemployment Rate increased by 0.7 percentage points from a year ago.
The Participation Rate decreased by 2.1 percentage points year-over-year.
Employment levels increased by 400 jobs in the most recent month and decreased by 900 jobs compared to the same month last year.
In the most recent month, there was a net increased by 400 jobs. Over the last year, the labor market has seen a net decreased by 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: Forestry, fishing, mining, quarrying, oil and gas, Manufacturing, Wholesale and retail trade, Educational services, Health care and social assistance.
Among 63 small areas in Alberta, Red Deer County ranks 6th with an employment rate of 65.1%. 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, Red Deer County ranks 12th with an unemployment rate of 5.4%. 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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