Pin It


Washington State's September 2012 Unemployment Rate Drops 0.1% to 8.5%

By Joe Allan

Washington State's unemployment rate for September 2012 was published at 8.5%. The Sept. rate is lower (0.1%) than the prior month and breaks the most recent trend of rising rates for the State of Washington. In September 2012 there were approximately 296,400 unemployed people in WA. This was almost 6,000 individuals lower than in August. The total number of employed workers was also increased by approximately 3,200 to around 3.2 million people.

The Washington results are even better when compared to September 2011. In comparison to September 2011 there are presently about 18,800 fewer individuals unemployed in the state in September 2012. Over the past 12 months there also are around 30,700 more people employed in Washington. Also, there was an increase of around 12,000 in the total civilian workforce. When combined these results is a 0.5% drop in the unemployment rate during the last year (down from 9.0% in September 2011 to 8.5% in September 2012).

The State of Washington State's September unemployment rate remains higher than the national average of 7.8%. However, though U.S. average had been either down or constant of late, The State of Washington's had been routinely rising until the September 2012 decline.

Many other states in the region also experienced decreases in their September unemployment rate. The State of California saw a significant decrease of 0.4% down to 10.2%. Nevada's rate also went down 0.3% in September to 11.8%. The State of Oregon's rate went down by 0.2% to 8.7% for the month. Lastly, the State of Idaho saw it's rate go from 7.4% in August to 7.1% in September.

Next we'll look at how Washington State's industries performed in the month. In September, Washington major business sectors that were higher included Professional & Business Services, Construction, Leisure & Hospitality, and Government. Washington businesses that were lower included Manufacturing, Trade Transportation & Utilities, Financial Activities, Information, Education & Health Service, and Other Services. Mining and Logging was unaffected.

The State of Washington industry with the biggest employment improvement over the past 12 months was Leisure & Hospitality - up by 4.3%. The WA business sector that experienced the largest decline over the past year was Information - down by 1.2%. The Major business sector of Trade, Transportation, and Utilities was the state industry with the biggest employment numbers at around 539,000 employed in September. Nest in line was the business sector of Government at roughly 538,000 people.

In a few weeks the Washington State statistics for October will be published. We'll once again look into state's results and see how it's October numbers compare to the past and the remainder of the U.S. Understand that previously released employment statistics may be modified or updated at a later date.

About the Author:

No comments:

Post a Comment