Business

Jobs up, unemployment flat in March

Washington employers added an estimated 3,300 jobs in March, marking 15 straight months of job growth, according to the Employment Security Department.

The state’s estimated unemployment rate remained unchanged in March, matching February’s upwardly revised rate of 8.3 percent.

“March was relatively flat, with modest job growth,” said senior economist Dave Wallace. “It was encouraging that about half of the industry sectors added jobs and only two lost jobs.”

Industry sectors that had the most job growth in March were government, which added an estimated 1,300 jobs; retail trade, up 1,200 jobs; manufacturing, up 1,000 jobs; financial activities, up 1,000; and other services, which added 800 jobs.

Most of the government-sector job growth was in K-12 schools and higher education, while state agencies and the federal government lost jobs.

Only two industry sectors lost jobs:  education & health services, down 1,600 jobs, and transportation, warehousing & utilities, down 1,500 jobs.

Since the low point in the recession, the state has regained an estimated 94,800 jobs.

An estimated 289,400 people (seasonally adjusted) in Washington were unemployed and looking for work in March, down from a peak of more than 365,000 in February 2010.  Employment Security paid unemployment benefits to 189,467 people last month, down from a peak of more than 350,000 in January 2010.

As of April 7, 77,512 workers in Washington had run out of all unemployment benefits.  About 12,500 people will lose benefits at the end of this week, mostly due to the required shutoff of extended benefits.  Another 11,000 people will likely run out of benefits by mid-June.

Individuals who are having trouble finding jobs on their own should visit their local WorkSource employment center.  WorkSource is a statewide partnership that includes Employment Security, local workforce development councils, and other state, local and nonprofit agencies that provide a comprehensive array of employment and training services.  Most of the services are available at no cost to customers.

 

Full report at https://fortress.wa.gov/esd/employmentdata/reports-publications/economic-reports/monthly-employment-report

Labor-market info website – www.esd.wa.gov/employmentdata

State and local trends - https://fortress.wa.gov/esd/employmentdata/reports-publications/regional-reports/numbers-and-trends

Employment Security website – www.esd.wa.gov

WorkSource website - www.go2worksource.com

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