Spokane area unemployment for July 2011
- July 2011 preliminary unemployment estimate is 9.0%.
- Total non-farm employed: 201,100 (or 5,100 fewer than in June – that is bad)
- Total labor force: 225,220
- June’s 9.1% preliminary number was revised to 8.9% (this is good)
- 2010 average unemployment figure was 9.74%. From Jan-Jul, 2011, the average is 9.514%.
In the data table that follows, the drop in non-farm employment to 201,100 is troubling. That is about 16,000 fewer jobs than in the same month in 2008 and is fewer jobs than in July of last year.
Year over Year Changes
While the employment situation has stabilized, the following chart shows that the area has continued to lose jobs. We should watch this chart carefully over the next few months to see if we are headed back into recession, or just bouncing along the break even point.
This chart shows the year-over-year change in employment. All of the recent green bars below the zero line indicate losses. We do not want to stabilize here as that would mean we have stabilized at a new, lower employment level.