Archive of: Work Force

Title Issue

Unemployment rate down in September

The unemployment rate in Washington took a dip in September to 5.8 percent, down from 6 percent in August. Some 186,810 people (not seasonally adjusted) were unemployed and seeking work in Washington last month.

Year over year, Washington has added 28,100 nonfarm jobs from September 2007 to September 2008, a growth rate of 1 percent.  By comparison, the number of jobs nationwide declined by 0.7 percent in the same time period, as it did for the month of September in Washington state.

October 2008

SBA asks lenders to offer loan relief

In response to the financial crisis, the U.S. Small Business Administration today announced it is strongly encouraging its participating 7(a) lenders and Certified Development companies to work with business borrowers to provide them with the flexibility they need to keep their businesses running during these difficult economic times.
As access to credit and capital has tightened, many businesses face increased challenges in meeting their financial obligations. This is especially true of small businesses hit hard by the recent economic slowdown that are now unable to make payroll, or purchase essential inventory.
SBA is reminding participating lenders they have the authority on a case-by-case basis to extend temporary payment relief for qualifying borrowers with 7(a) and 504 loans who are struggling to make their payments.

October 2008

Oak Harbor Freight target of radio protests

The Teamsters Union has launched a nationwide radio ad on Air America as part of its negotiations with Auburn-based freight hauler Oak Harbor Freight Lines. The radio campaign condemns clothing retailer the Gap Inc. for using Oak Harbor Freight Lines to move its merchandise on the West Coast. The retailer is Oak Harbor's largest customer, according to a release.

Some 600 Oak Harbor Freight Lines workers in Oregon, Washington and Idaho walked off the job and into picket lines Sept. 22 in protest of what they call the freight company's violations of U.S. labor laws and hostile efforts by company representatives to intimidate workers.

October 2008

Multi-unit housing market remains good, study suggests

Grubb & Ellis Co., a real estate services and investment firm concentrated in the Puget Sound, announced today in a third quarter 2008 research report that the area's multi-unit housing market posted increases in both rents and vacancy, yet still generated $436 million in sales for the quarter.

October 2008

Weyerhaeuser declares dividend

Weyerhaeuser Co. has declared a dividend of 60 cents per share on common stock.

October 2008

Puget Sound malls report flat sales

A sampling of shopping malls around Puget Sound by the Washington Retail Association shows that sales this year have been flat or slightly down heading into the holiday shopping season, the retail group's newsletter reports.
Some mall representatives cautioned that it still might be too early to project holiday and year-end results, although the National Retail Federation projects a 2 percent gain for retailers nationwide in holiday spending this year.

October 2008

Rainier Connect moves to old brewery district

Rainier Connect, a local telecommunications provider, will be moving next week into its newly renovated headquarters on the 2500 block of South Holgate Street in downtown Tacoma's Brewery District.
For more than a year, the company has been renovating the historic building, which was originally home to the Pacific Brewery and Malting Co. 

October 2008

CPI dipped in September

The Consumer Price Index decreased 0.1 percent in September, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor has reported. The September level of 218.783 was 4.9 percent higher than in September 2007.

On a seasonally adjusted basis, the CPI was virtually unchanged in September following a 0.1 percent decrease in August. The index for energy fell 1.9 percent in September following a 3.1 percent decline in August. The motor fuel index declined 0.8 percent in September but was 31.8 percent higher than a year ago. The index for household energy fell 3.4 percent in September after a 1.6 percent decrease in August. The food index advanced 0.6 percent in September, the same increase as in August.  The index for food at home rose 0.6 percent in September after a 0.8 percent rise in August and is up 7.6 percent over the past year.  

October 2008

TrueBlue revenue dips in third quarter

Tacoma-based labor provider TrueBlue posted a 1 percent revenue decline in the third quarter compared to last year.

The drop consisted of a 16-percent growth from acquisitions completed within the last year that was offset by a 17-percent decrease in organic revenue, which consists of total revenue growth less growth from acquisitions.

October 2008

PPI dips further, Labor report states

The Producer Price Index for Finished Goods, the price manufacturers pay for their raw materials, decreased 0.4 percent in September, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decline followed a 0.9 percent drop in August and a 1.2 percent increase in July.  

At the earlier stages of processing, prices received by producers of intermediate goods fell 1.2 percent after decreasing 1 percent a month earlier, and the decline in the crude goods index slowed to 7.9 percent in September from 11.9 percent in the preceding month. The slower rate of decline in finished goods prices was led by the index for energy goods, which decreased 2.9 percent after falling 4.6 percent in August. Price advances for finished goods grew to 0.4 percent from 0.2 percent a month earlier. Conversely, the rise in the index for finished consumer foods slowed to 0.2 percent in September, from 0.3 percent in the prior month. 

October 2008
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