Spokane Unemployment Rate Rises to 8.6% in December

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.

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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%.

2012Unemployment

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.

2012Employed

  • 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.
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