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8/15/2012

12-036

OLYMPIA – Preliminary estimates of the seasonally adjusted unemployment rate and job numbers in Washington last month are seemingly at odds again, similar to the national numbers. 

The initial findings indicate the state gained 5,000 jobs, while the unemployment rate rose from 8.3 percent in June to 8.5 percent in July, according to the Washington Employment Security Department.  Both figures are subject to future revisions as more data come in.

Most of the July job growth occurred in the “other services” sector, which encompasses a hodgepodge of service-related businesses such as equipment repair, religious activities, dry cleaning, funeral services, pet care and dating services. 

By contrast, the biggest losses were found in the professional and business services sector, which enjoyed substantial growth over the previous several months.

The rise in the unemployment rate stemmed largely from a 9,700 decline in the total workforce and a small increase in the number of unemployed who are looking for work. 

“The July numbers illustrate that surveys aren’t perfect, and preliminary results are often revised later,” said Joe Elling, Employment Security’s chief labor economist. “When you compare where we are now to the same period a year ago, it’s apparent that the labor market is improving.”

In July 2011, the state’s unemployment rate was 9.3 percent.  Since then, the total labor force has grown by more than 39,000, and the number of unemployed workers who are actively looking for a job has shrunk by about 24,500.

Industries that added the most jobs last month included other services, which added 2,900 jobs; education and health services, up 1,900; manufacturing, up 1,600; wholesale trade, up 1,200; leisure and hospitality, which gained 1,200; transportation, warehousing and utilities, up 900; and financial activities, up 900.

Industries that lost jobs included professional and business services, down 4,600, and government, which lost another 1,300 jobs.

Within the government sector, federal employment in Washington grew by 300 jobs, state agencies lost an estimated 2,400 jobs, public higher education added 500 jobs, and local government added 300 jobs. There was no change in K-12 educational employment. 

In July, an estimated 298,000 people (seasonally adjusted) in Washington were unemployed and looking for work.  That includes 139,444 who claimed unemployment benefits last month.

Also in July, 4,212 unemployed workers ran out of unemployment benefits, bringing the total to 105,240 since extended benefits were activated in July 2008.

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Full report at https://fortress.wa.gov/esd/employmentdata/reports-publications/economic-reports/monthly-employment-report

Employment/economic informationesd.wa.gov/employmentdata

State and local trends - https://fortress.wa.gov/esd/employmentdata/reports-publications/regional-reports/numbers-and-trends

Employment Securityesd.wa.gov 

WorkSource - go2worksource.com


Broadcast version

Washington gained an estimated five-thousand jobs in July. 

At the same time the unemployment rate rose from eight-point-three percent to eight-point-five percent.

Employment Security’s chief economist cautioned that these are estimates, and the numbers will be revised when more data come in. 

Compared to a year ago, the state’s unemployment rate has dropped from nine-point-three percent, the total labor force has grown by more than thirty-nine thousand, and the number of unemployed has shrunk by more than twenty-four thousand workers.

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