Apr 19, 201703:51 PMBlog
Washington unemployment drops to near-record low
Washington’s robust job numbers continued to move the jobless rate downward in March, as unemployment fell to the lowest rate since August 2007.
According to the latest numbers from the Employment Security Department, the state’s seasonally adjusted unemployment rate went down from 4.9 to 4.7 percent in March. That’s almost a full percentage point better than the statewide unemployment rate in March last year, which stood at 5.6 percent.
“Washington has one of the better growing economies in the nation,” said Paul Turek, economist for the department. “Strong job growth has pushed the unemployment rate down further as more workers find jobs.”
Washington employers added 10,700 nonfarm jobs in March. Year over year growth remains strong as well, with the state adding an estimated 92,000 new jobs from March 2016 to March 2017, not seasonally adjusted. The private sector grew by 3.1 percent or 80,200 jobs, and the public sector increased by 2.1 percent, adding 11,800 jobs.
Twelve of the state’s 13 industry sectors added jobs year over year, with manufacturing (shedding 5,800) the only sector to report job losses.