Updated monthly, local monthly workforce trends focus on total employment, and employment unemployment rates estimates at "small-area" level.
Kneehill County consists of the following communities: Kneehill County, Carbon, Acme, Linden, Three Hills, Trochu .
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Total employment in December 2024 was 5,180, showing a considerable decrease of 220. versus December, employment levels contracted by 60, facing headwinds.
The employment rate reached 52.2% in December 2024. This represents a decline of 2.3 percentage points from November (54.5%). Year-over-year, the rate decreased by 2.0 percentage points from 54.2%.
The unemployment rate was 7.7% in December 2024, up 0.7 percentage points from November. Compared to December last year (4.8%), the rate has increased by 2.9 percentage points.
Employment rates show a weak correlation (-0.60) 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 0.58 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 1,100 jobs from last month and increased by 6,500 jobs compared to the same month last year.
Part-time Employment decreased by 500 jobs from last month and increased by 2,000 jobs year-over-year.
The number of Unemployed individuals increased by 400 people from the previous month and increased by 2,200 people compared to last year.
The Employment Rate increased by 4 percentage points from a year ago.
The Unemployment Rate increased by 1.5 percentage points from a year ago.
The Participation Rate increased by 5.2 percentage points year-over-year.
Employment levels decreased by 1,500 jobs from the previous month and increased by 8,500 jobs compared to the same month last year.
In the most recent month, employment decreased by 1,500 jobs . Over the last year, the labor market has increased by 8,500 jobs .
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.
The overall employment trend is positive, with strong growth in the past year. Key industries driving the trend are: Agriculture, Forestry, fishing, mining, quarrying, oil and gas, Wholesale and retail trade, Health care and social assistance, Other services (except public administration).
Among 63 small areas in Alberta, Kneehill County ranks 48th with an employment rate of 52.2%. 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, Kneehill County ranks 54th with an unemployment rate of 7.7%. 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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