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State sees job growth

Unemployment rate dips to 5.6 percent

Washington experienced continued job growth in July and the state’s unemployment rate fell to its lowest point since August 2008, according to preliminary, seasonally adjusted estimates released this past Wednesday by the Employment Security Department. 

According to preliminary estimates by the Bureau of Labor Statistics, non-farm, seasonally adjusted employment increased by 7,300 from June 2014 to July 2014. While the public sector lost 2,100 jobs, the private sector more than made up for it with gains of 9,400 jobs.

The state’s unemployment rate continues to drop, falling from 5.8 percent in June to 5.6 percent in July.

The job market picture is even rosier on the west side of the state, as unemployment in the Seattle/Bellevue/Everett area dropped from 4.8 percent in June to 4.7 in July.

The national unemployment rate ticked up to 6.2 percent in July.

“Washington’s labor market continues to gain momentum,” said Paul Turek, an economist with the Employment Security Department.

“Year-over-year, the state saw growth in nearly every industry,” said Turek.

Industry sectors with the largest employment gains in July were professional and business services with an increase of 4,500 jobs, leisure and hospitality with an increase of 4,000 jobs; and construction with an increase of 2,300 jobs.

During the one-year period ending in July, Employment Security Department officials estimate Washington added 92,800 jobs, including 88,600 in the private sector and 4,200 in the public sector (not seasonally adjusted). 

Year-over-year, Washington saw growth in every industry except manufacturing, which experienced a modest loss of 300 jobs from July 2013 to July 2014.

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