Yesterday, the Employment Security Department announced Washington State’s seasonally adjusted unemployment rate for February remained unchanged from January’s reported number of 6.4%, which is the lowest it has been since the fall of 2008.
In addition to an unchanged unemployment rate, our state saw the addition of approximately 2,500 new jobs in February, and the total number of new jobs for January was also revised to show our state actually had about 5,800 new jobs rather than the reported 3,800. Specifically, the areas of business that saw job growth in February were professional and business services, architecture and engineering services, administrative and support, retail trade, financial activities, government, manufacturing, information, and wholesale trade.
Along with the addition of new jobs, it was also reported that about 10,000 people joined our state’s labor force during the past month.
An unemployment rate holding steady, new job additions, and a large number of people recently joining the labor force are all signs that our state’s economy is moving in a positive direction as it continues in growth mode.