Kelowna’s unemployment rate has returned to its level before the COVID-19 pandemic hit with fury last March.
Statistics Canada released its December figures on Friday morning, and Kelowna’s unemployment rate fell two-tenths of a percentage to 4.5%. The city’s unemployment rate generally hovers between 4% and 4.5%.
Only Quebec City, at 4.1%, had a lower unemployment rate in December among the 44 most populous metropolitan areas in Canada.
The number of unemployed Kelowna residents fell 3.8% to about 5,000 people. There are 106,600 people currently employed in the city, down from 95,200 at a low in May.
The good news on the employment front did not come across the Thompson Okanagan region as the unemployment rate fell from 7.4% to 7.7% from November to December. Full-time employment has increased, while the number of part-time positions has declined, which may be due to the end of seasonal positions.
Last December, the unemployment rate in the Thompson Okanagan area was 5%.
British Columbia’s unemployment rate in December was 7.2%, up from 7.6% in November.