Washington State Employment Security Department announcement.
Washington’s economy added 6,300 jobs in October. Between September and October, the preliminary seasonally adjusted monthly unemployment rate fell slightly to 5.0 percent.
According to the Employment Security Department’s (ESD) Economist Paul Turek, “The state has been making continued progress toward recovering jobs lost during the pandemic. Constraints that may have prevented workers from re-entering the labor market are easing, and more workers appear to be taking advantage of the high availability of jobs.”
The Monthly Employment Report also includes:
- Preliminary job estimates for October from the federal Bureau of Labor Statistics.
- Revised preliminary unemployment rate for September from 4.9 percent to 5.1 percent.
- An adjustment to preliminary jobs data for September, with the preliminary estimated gain of 17,600 jobs revised upward to a gain of 18,800 jobs.
ESD paid unemployment insurance benefits to 58,998 people in October, a decrease of 183,002 over the previous month.
The national unemployment rate dropped from 4.8 percent in September to the preliminary rate of 4.6 percent in October. For comparison, the national unemployment rate (revised) last year, in October 2020, was 6.9 percent.
Employers are pulling workers back into the labor force
The state’s labor force in October was 3,935,600 – an increase of 7,600 people from the previous month. Labor force is defined as the total number of people, both employed and unemployed, over the age of 16. In the Seattle/Bellevue/Everett region, the labor force increased by 1,900 over the same period. From October 2020 to October 2021, the state’s labor force decreased by 46,200 while the Seattle/Bellevue/Everett region increased by 18,700.
From September to October, the number of people who were unemployed statewide decreased slightly from 198,700 to 198,100. In the Seattle/Bellevue/Everett region, the number of people who were unemployed decreased from 86,600 to 86,000 over the same period.
Of the industry sectors, in October:
- Seven expanded.
- Five contracted.
- One remained constant.
Private sector employment increased by 15,600 jobs while government employment decreased by 9,300 jobs. Table 2 shows a summary of the job gains and losses in all 13 industry sectors.
Leisure and hospitality industry continues to recover while pandemic subsides
Washington gained an estimated 156,600 jobs from October 2020 – October 2021, not seasonally adjusted. Private sector employment rose by 5.1 percent, up an estimated 138,000 jobs, while public sector employment rose by 3.4 percent, up an estimated 18,600 jobs.
From October 2020 – October 2021, 12 major industry sectors expanded and one contracted
The three industry sectors with the largest employment gains year-over-year, not seasonally adjusted, were:
- Leisure and hospitality up 46,500 jobs.
- Professional and business services up 26,700 jobs.
- Government up 18,600 jobs.
The industry sector that contracted year-over-year, not seasonally adjusted, was mining and logging, down 100 jobs.