washington economy

4:08 pm
Wed December 17, 2014

Washington Unemployment Rate Ticks Up Slightly Amidst Steady Hiring

Originally published on Wed December 17, 2014 3:51 pm

Washington and Oregon's latest unemployment numbers offer a paradox.

Read more
Class Size Initiative
4:59 pm
Wed November 19, 2014

Washington Class Size Measure Puts $2 Billion Dent in State Budget

Washington class size initiative puts squeeze on budget.
Credit Colin Fogarty / Northwest News Network

Washington’s budget outlook is suddenly $2 billion in the red largely because of a class size reduction measure just approved by Washington voters.

That initiative adds to an already challenging budget picture when lawmakers convene in January.

“I think we have a significant problem here and we have work to do,” Democrat Ross Hunter said. He’s the chief budget writer in the Washington House.

Hunter believes additional tax revenues will be needed to balance the next budget. Senate Republican budget chair Andy Hill disagrees.

Read more
4:39 pm
Wed November 19, 2014

Why The Unemployment Rate Rises When Companies Are Adding Jobs

The unemployment rate in Washington state ticked up 0.3 percent in October.
Credit Washington Employment Security Department

Employers added more than 5,600 jobs in Washington state last month. But the statewide unemployment rate as reported by the state Wednesday rose by 0.3 points to 6 percent.

The rise in the unemployment rate is not necessarily bad news, according to state labor economist Paul Turek. He said the economic recovery has encouraged people on the sidelines to begin job searches in greater numbers than the labor market can absorb right now.

Read more
Wash. Unemployment
4:54 pm
Wed September 17, 2014

Unemployment Rate Holds Steady In August In Washington State

Credit Jodi Green / Flickr

The latest reading on unemployment in Washington state shows the rate holding steady in August at 5.6 percent. That's half a percentage point below the national rate according to a report from Washington's employment department Wednesday. 

Read more