Regional unemployment rate rose in May
The economic region that includes the Okanagan saw its unemployment rise in May, though so did employment.
Statistics Canada said the Thompson-Okanagan area had an unadjusted unemployment rate of 6.8 per cent during the latest reporting month. That was up from April’s rate of 6.4 per cent, and well above the 5.0 per cent rate recorded in May of 2024.
However, the regional unadjusted employment rate was recorded at 54.5 per cent in May. That was up from the rate of 53.0 per cent in April, though down from May of 2024 when the rate was 55.9 per cent.
The Thompson-Okanagan’s participation rate, which indicates the amount of the population within working ages, was 58.4 per cent this past May. That was up from April’s participation rate of 56.6 per cent, though down slightly from the rate of 58.8 per cent the previous May.











