Posts tagged: unemployment rate
OLYMPIA – Washington has gained back the jobs it lost during the Great Recession and sees its employment slowly expanding.
Figures released Wednesday by the state Employment Security Department put the state unemployment rate at 6.1 percent, down two-tenths of 1 percent from March and the lowest it has been since October 2008. Over the last three months, it has added an average of about 6,900 jobs per month, a rate comparable to the period between 2005 and 2007 “when the economy was expanding,” Paul Turek, a department labor economist, said. . .
OLYMPIA — Washington lost 8,100 jobs last month and 1,400 in September when employment statistics are adjusted for seasonal variations.
The changes left the state's unemployment rate almost unchanged. It was 7 percent in August, 6.9 percent in September and 7 percent in October. The state Employment Security Department said the losses come after almost two years of slow job growth.
The state didn't report employment statistics last month for September. The reason? The federal government's partial shutdown meant people who help compile some of the figures were on furlough. Paul Turek, a labor economist for the department, said the state did gain some jobs in September and October, but not as many as it normally would so the totals come off as a loss when seasonal adjustments are made. More from the department's statement
The drops are likely related to recent statistical adjustments and some softening of the economy, he said.
“We enjoyed a very long growth streak, but we should expect there will be ups and downs over time as the recovery gradually strengthens,” Turek said.
Both the job numbers and the unemployment rate may be revised as more information comes in.
Industries with job gains in October wholesale trade, up 1,000; retail trade, up 400; other services, up 300; government, up 200 jobs, mostly in K-12 education and state higher education; and the transportation, warehousing and utilities industry, up 100.
Industries that reported job losses included education and health services, down 2,800 jobs; construction, down 2,800; leisure and hospitality, down 2,700; manufacturing, down 1,300 jobs; professional and business services, down 300; financial activities, down 100; and information, down 100.