August employment report shows state lost 1,500 jobs from July to August

The state Employment Security Department issued its employment report for August this morning. The preliminary estimate is that seasonally adjusted employment in Washington fell by 1,500  from July to August. The estimate of June to July job growth was revised upward to 10,600, from the preliminary figure of 7,300 announced in last month’s report.

As I have noted frequently on this blog, initial estimates of job gains or losses are sometimes subject to large revisions when more complete information is available from unemployment insurance tax returns. (See this post.) For this reason, and given the estimated 10,600 job gain from June to July, the initial estimate that the state lost 1,500 jobs from July to August is of little concern.

The preliminary estimate of August’s seasonally adjusted unemployment rate for the state is 5.6 percent. The estimate of July’s unemployment rate was unchanged from the initial figure of 5.6 percent.

The July employment report is available here.