CPABC: Kootenay labour market shows cracks as unemployment rises

8 hours ago 3

Article content

CRANBROOK, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) — According to BC Check-Up: Work, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on labour market trends across the province, the unemployment rate in the Kootenays was 6.8 per cent in November 2025, nearly double the November 2024 rate of 3.6 per cent.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

“The unemployment rate increased from uncharacteristically low levels since this time last year,” said Mike Calder, CPA, CA, partner at MNP Canada. “There tends to be a fair amount of volatility in the monthly estimates, but employment did trend lower as well.”

Article content

Article content

Article content

There were 82,000 Kootenay residents working in November 2025, slightly fewer than there were one year earlier. Full-time employment fell by 13.1 per cent or 9,200 workers year-over-year, which was partially offset by an increase in part-time work (+4,600 workers; +28.2 per cent).

Article content

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

“It is safe to say that local labour market conditions are softer, in line with the ongoing trade disruptions and general uncertainty,” continued Calder. “Employment losses were spread across the Kootenay economy, but there were some pockets that held up.”

Article content

Employment in the Kootenay’s goods sector trended lower as the workforce contracted in both the natural resources (-4,200 workers; -45.7 per cent) and manufacturing (-2,300 workers; -31.1 per cent) industries. Meanwhile, construction employment held steady in 2025, following a significant expansion in 2024.

Article content

Services sector employment also edged lower with wholesale and retail trade (-2,400 workers; -17.0 per cent) and educational services (-1,500 workers; -23.8 per cent) posting the largest year-over-year declines. Conversely, employment in the accommodation and food services industry rebounded, as it added 5,200 workers (+144.4 per cent) between November 2024 and November 2025.

Article content

Article content

“We’ve seen employment take a hit in industries that had meaningful exposure to the U.S. market,” concluded Calder. “There needs to be a focus on supporting affected industries and workers as businesses try to navigate this transitional period.”

Article content

To learn more, see www.bccpa.ca

Article content

About CPA British Columbia

Article content

The Chartered Professional Accountants of British Columbia (CPABC) is the training, governing, and regulatory body for over 40,000 CPA members and 6,000 CPA candidates and students. CPABC carries out its primary mission to protect the public by enforcing the highest professional and ethical standards and contributing to the advancement of public policy.

Article content

Article content

Article content

Article content

Article content

Article content

CPABC Media Team [email protected]

Article content

Read Entire Article