Unemployment rate (Photo : Reuters)
The state of Washington recently reported that it is facing an unemployment rate of 5.3 percent. The recently reported statistics equaled to the national unemployment rate of the United States.
The latest unemployment report came from Washington's Employment Security Department. The report claim that the unemployment rate initially reported in June remains unchanged. On the other hand, the private sector was able to hand out 5,900 jobs from June to July, according to Fox Business.
In an official statement picked up by the Seattle Pi, labor economist Paul Turek said "Washingto's economy continues on a positive track."
The financial sector saw the biggest upsurge in employment, hiring 2,600 employees. The retail trade closely follows by hiring adding 1,700 jobs while the leisure and hospitality market added 1,500 more jobs.
Industries such as warehousing, utilities, construction, transportation and manufacturing all reported an increase in job hires. The mining and logging along with the information sector reported the same.
Four sectors reported employment loss. These includes the wholesale trade which lost 1,800 jobs in July and government sector which lost 1,100 jobs. The education and health industry reported job loss of around 100.
The state of Washington reported in July that around 188,600 people in its jurisdiction were unemployed. Additionally, 55,891 people received unemployment benefits from the state in July.
Since July 2014, the state of Washington added more than 108,600 jobs in its employed pool. 101,200 of those employed went to work for private entities while 7,400 were employed by the public sector.
The estimates of currently employed and unemployed people in the state of Washington came from the US Bureau of Labor Statistics.
