January 30, 2013 Leave a comment
First a tip from a contact – check out the Facebook page www.facebook.com/SpokaneNews where the news is created by the readers of that page.
Data comes from the State’s ESD web site. For Spokane, unemployment estimate rose from 7.7% to 8.6%. For the State, unemployment rose from 7.3% to 7.7%. In King County, unemployment went down from 6.3% to 6.1%.
Use caution when reviewing the following chart. The original, raw data from the U.S. Bureau of Labor Statistics will not be released to the public for another month or two.
- Our forecast for January 2013 non-farm employed is a level of 202,200 and an unemployment rate of 8.7% to 8.9%.
- That’s based on the average cyclical drop from December to January that took place from 2008 through 2012.
- Compare the monthly totals reading across the chart from left to right. Spokane area unemployment usually peaks in January or February.
- Spokane’s job creation rate remains at or below the growth of the overall area population, unfortunately. This is a really long and tough downturn.