People of Northwest Public Radio
Unemployment Rate Drop
Wed August 13, 2014
Wash. July Unemployment Rate Drops to 5.6 Percent, Lowest Since 2008
Washington state’s unemployment rate fell to 5.6 percent in July, the lowest rate since August 2008.
The Washington Employment Security Department said Washington’s economy is picking up momentum. The state added an estimated 7,300 jobs.
"At least going back to 2000, this is the best year in terms of total jobs added that we've had,” economist Paul Turek said. “We have to go back into the 1990s to find a period where we've been adding more jobs over the course of the year or on an average monthly basis."
Sectors that saw the most job gains were professional and business services with an increase of 4,500 jobs. Leisure and hospitality gained 4,000 jobs.
Meanwhile, nearly 196,000 people were looking for work in the state including more than 64,000 who claimed unemployment benefits in July.
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