Jobs continued climbing in August, while unemployment rate inched up - September 18, 2013
OLYMPIA – Washington added jobs forthe 11th straight month in August, gaining a seasonally adjusted estimate of 5,300 jobs, according to the latest monthly report from the Employment Security Department.
At the same time, a small decline in the total labor force, combined with an increase in unemployed people actively looking for work, nudged the estimated unemployment rate up to 7 percent from 6.9 percent in July.
“Statewide, our steady job growth has decelerated a little in the past couple of months,” said Paul Turek, a labor economist for Employment Security. “That creates less incentive for people to enter or re-enter the labor force, which has slowed progress on our unemployment rate.”
Industries with job gains in August were government (predominantly in K-12 education), up 2,500 jobs; retail trade, up 1,700; wholesale trade, up 1,500; construction, up 1,200; transportation, warehousing and utilities, up 600; information services, up 400 jobs; education and health services, up 300; other services, up 200; and leisure and hospitality, up 100.
Industries that reported job losses included manufacturing, down 2,200 jobs; financial activities, down 500; professional and business services, down 400; and mining and logging, down 100.
Washington added an estimated 62,500 jobs in the past year and has regained 85 percent (174,800) of the 205,000 jobs lost in the recession (all seasonally adjusted).
The story is a little different for the Seattle/King County/Everett area, which has recouped all the jobs it lost during the recession. The seasonally adjusted unemployment rate for that area last month was 5.2 percent.
The metro area accounted for about 44 percent of all jobs in Washington last month, but only one-third of the unemployed.
In August, an estimated 242,500 people (seasonally adjusted) in Washington were unemployed and looking for work. That includes 102,012 who claimed unemployment benefits last month.
• Monthly employment report
• Labor-market information website
• State and local trends and projections
• Three-month comparisons, county-to-county (Excel spreadsheet) ~ click “Current estimates” under “Not seasonally adjusted” on the right
• Historical data (Excel spreadsheet) ~ click “Historical estimates” under “Seasonally adjusted” on the right
• Employment Security website
According to the Employment Security Department, Washington gained another 55-hundred jobs in August – the eleventh straight month of job growth.
At the same time, the unemployment rate rose slightly, to 7 percent, as job growth wasn’t enough to entice more people into the labor market.
So far, Washington has recovered nearly eighty-four percent of the jobs lost during the recession.