Washington still strong, even with slight unemployment rise - Feb. 27, 2007
07-013
Media contacts:
Evelina Tainer,
360-438-4812
Caitlin Cormier,
360-902-9215
Audio: http://fortress.wa.gov/esd/portal/info/newsroom/audiofiles/audio/
OLYMPIA – Washington’s unemployment rate was relatively unchanged in January, with a slight rise of one-tenth of a percentage point from last month, according to the state Employment Security Department.
The seasonally adjusted unemployment rate was 5.1 percent in January, up from December’s 5 percent. At the same time, Washington employers added 20,200 nonfarm jobs (seasonally adjusted).
“It’s great to start the year with more good economic news,” said Governor Chris Gregoire. “A strong job market not only means our businesses are doing well, but there is also plenty of potential for our workers.”
In January, the largest employment growth was seen by retail trade, with 5,200 new jobs over the month. Professional and business services grew by 4,700 jobs, and transportation, warehousing and utilities added 2,500 jobs. The large gain in retail trade may be attributed to the fact that the numbers are seasonally adjusted and January usually sees a decline in retail employment.
The only two major employment sectors with declines in January were “other services” such as membership organizations, with 500 fewer jobs, and natural resources and mining, down 100 jobs.
Comparing year to year, more than 73,000 net new jobs were created in Washington from January 2006 to January 2007. Nonfarm job growth was 2.6 percent, compared to a national rate of 1.6 percent.
“If you’re looking for work, this is a very optimistic time,” said Employment Security Commissioner Karen Lee. “Winter normally brings slow job growth, but there was barely a pause this year.”
An estimated 195,300 people (not seasonally adjusted) currently are unemployed and seeking work in Washington. Lee said she encourages job seekers to visit a local WorkSource office and to check online job listings at www.go2worksource.com.
