Washington unemployment drops to near-record low

Washington’s robust job numbers continued to move the jobless rate downward in March, as unemployment fell to the lowest rate since August 2007.

1

According to the latest numbers from the Employment Security Department, the state’s seasonally adjusted unemployment rate went down from 4.9 to 4.7 percent in March. That’s almost a full percentage point better than the statewide unemployment rate in March last year, which stood at 5.6 percent.

“Washington has one of the better growing economies in the nation,” said Paul Turek, economist for the department. “Strong job growth has pushed the unemployment rate down further as more workers find jobs.”

Washington employers added 10,700 nonfarm jobs in March. Year over year growth remains strong as well, with the state adding an estimated 92,000 new jobs from March 2016 to March 2017, not seasonally adjusted. The private sector grew by 3.1 percent or 80,200 jobs, and the public sector increased by 2.1 percent, adding 11,800 jobs.

Twelve of the state’s 13 industry sectors added jobs year over year, with manufacturing (shedding 5,800) the only sector to report job losses.

http://www.businessexaminer.com/blog/April-2017/Washington-unemployment-drops-to-near-record-low/

Apr 19, 2017 – 03:51 PM

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s