The state Employment Security Department issued its employment report for January this morning. There was a lot of good news in this report.
The preliminary estimate is that seasonally adjusted employment in Washington increased by 18,300 from December to January. The estimate of November to December job growth was revised up to a gain 8,900, from the preliminary gain of 7,600 jobs announced in last month’s report. The estimate of October to November job growth was revised up to a gain 8,400 from the previously estimated gain of 5,800 jobs. On top of this, benchmarking to unemployment insurance tax records added 10,000 to the estimate of the September level of employment.
The preliminary estimate of January’s seasonally adjusted unemployment rate for the state is 6.4 percent. The estimate of November’s unemployment rate is unchanged from the initial figure of 6.3 percent.
The February employment report is scheduled to be released next Wednesday (March 18).