Wednesday, September 16, 2009

Unemployment Rate Rises Again

The unemployment rate has risen back to 9.2% here in Washington State after seeing a drop in rates in July, to 8.9%, (originally calcuated at 9.1%).

Washington lost about 8000 agricultural jobs last month after gaining 11,800 but the biggest decline was seen in professional and business services with a loss of 2500 jobs.

Retail trade and education and health services were also down 2400 and 1800 jobs, respectively, but government saw growth of 1800 new jobs, leisure and hospitality with 800, transportation, warehousing, and utilities, up 700, and construction with a gain of 200 jobs.

Economists say that the small gain in construction is a first since January 2008.

More than 319,000 people in Washington are still looking for work according to the Employment Security Department.

Last year at this time, Washington's unemployment rate was 5.4%. The state lost 126,100 jobs from August 2008 to August 2009, a 4.2 percent decrease. Nationally, employment declined by 4.3 percent over the past year.

However, Washington state's unemployment rate is lower than the national rate, which was 9.7% for August.


Thank you to KIRO News

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