washington economy



Washington’s economic climate is the fourth best in the nation. That’s according to a new report by produced by Washington’s Economic and Revenue Forecast Council.

The statewide unemployment rate for Washington is holding at its record low in the latest jobs report out Wednesday. The state's Employment Security Department pegged the jobless rate in June at 4.5 percent, the same as in May.

The unemployment rate in Washington state held steady at 5.8 percent for the fourth consecutive month in March. But in its latest jobs report out Wednesday, the state employment department reported steady hiring across most of the economy.

Delta Air Lines workers in the greater Seattle area received $53.1 million in bonuses Friday. About 3,000 local employees at Delta's newest hub city qualified for the corporate profit sharing program.

Wash. Sept Jobless Rate Dips Slightly

Oct 14, 2015

Washington state's unemployment rate saw a slight dip in September, but the state saw an overall loss of 2,200 jobs from the previous month.

The newest numbers released by the state's Employment Security Department Wednesday show that the jobless rate for September was 5.2 percent, down from August's 5.3 percent.

According to numbers out Wednesday, the number of people out of work and looking for jobs is returning to pre-recession levels in the Northwest.

The recovery from the Great Recession has crossed a milestone in Washington state.


Washington state lawmakers have new information that might influence future environmental preservation legislation.

A study released today concludes the economic benefits of outdoor recreation in Washington exceed $21 billion a year.

It finds the average Washingtonian spends 56 days a year in outdoor recreation activities.  That includes things like camping, golfing, biking, fishing and boating.

It calculated the value of everything associated with those activities -- from equipment to food and gas, to the cost of the land used for the activities.

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

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.

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.

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.