Overall unemployment rate moved up to 6.1% with the biggest shift in Business Services, which gained 500 roles, based on the most recently available information published in April 2021.
Total employment in the Olympia-Tumwater, WA market rose by 578 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 6.1%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Olympia-Tumwater, WA unemployment rate is 45 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 2.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Government: 38,500; +200
- Transportation & Utilities: 19,200; -100
- Education & Healthcare: 19,000; +300
- Business Services: 12,000; +500
- Restaurants & Hotels: 9,000; +400
- Construction, Mining: 6,800; no change
- Other Jobs: 4,700; +100
- Financial Services: 3,900; no change
- Manufacturing: 3,000; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.