Washington reports 9,500 job losses: Unemployment rate consistent for past 2 months

unemploymentnov2013The latest stats from the state’s Employment Security Department show Washington’s unemployment rate staying consistent over the past two months despite the first job losses in nearly two years.

unemploymentnov20132The unemployment rate went from 7 percent in August down to 6.9 percent in September, before coming back up to 7 percent last month.

However, after 22 straight months of job growth, Washington state did see a total job loss of about 9,500 during the past two months — 1,400 loss in September, 8,500 in October — after adding 8,600 jobs in August.

Paul Turek, a labor economist with Employment Security, said that the drops are related to recent statistical adjustments and the overall economy.

“We enjoyed a very long growth streak, but we should expect there will be ups and downs over time as the recovery gradually strengthens,” Turek said in a press release.

Still, though, Washington has added 48,700 jobs over the past year overall. The unemployment is also down from 7.8 percent in October 2012.

unemployementnov20131Education and health services, along with the construction industry, saw the biggest job losses from September to October. Wholesale and retail trade industries saw the most substantial increases.

In its report, the Employment Security Department noted that the federal government shutdown from Oct. 1 to Oct. 16 did not affect job numbers since no positions were actually eliminated. However, it could have affected the overall unemployment rate for October since the surveys go out during the second week of every month.

The state’s unemployment rate is calculated based on the number of people actively looking for work and the overall labor force, while monthly job gains and losses data is pulled from the U.S. Bureau of Labor Statistics survey of businesses.

In terms of the tech space, hiring talented employees still remains a difficult task and especially for startups who have to compete with giants like Amazon and Microsoft who can offer good pay and stability. Challenges with hiring seem to vary, whether it’s a culture fit issue or simply finding qualified candidates. And once talent is locked down, many startups continue to up the quality and quantity of perks to help keep employees happy and reduce turnover.

See the full report here.

  • TheCatalyst

    The numbers contributed by the Employment Security Department are misleading at best, they merely reflect unemployment insurance claims instead of actual joblessness. The move to a part-time job economy means that even less employed people will be eligible for unemployment insurance. This makes the numbers look more appealing, but nonetheless is highly inaccurate. For this reason, the number of people actively looking for work reported by the U.S. Bureau of Labor Statistics is also highly inaccurate. (and both are aware of this, but push the data regardless to bolster consumer confidence)
    If one can find the actual numbers of jobless people actively looking for work and make the data public, it would be a very disturbing revelation to many. Unfortunately ego prevents most from looking at the facts. So many blame poor work ethics and a lack of responsibility for joblessness, instead of actually doing something about it and actually putting people to work. (instead of over-working & under-paying the employees they already have) The fact is that many that are jobless sincerely want to work, but cannot find gainful employment.