Overall unemployment rate moved up to 3.9% with the biggest shift in Transportation & Utilities, which gained 1,000 roles, based on the most recently available information published in February 2022.
Total employment in the Spokane-Spokane Valley, WA market declined by 1,417 jobs in December and the unemployment rate increased compared to the prior month by 50 bps to 3.9%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Spokane-Spokane Valley, WA unemployment rate is 21 bps above the national rate which is a negative sign.
- Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Education & Healthcare: 62,100; -800
- Transportation & Utilities: 48,700; +1,000
- Government: 40,500; no change
- Business Services: 26,200; -600
- Restaurants & Hotels: 23,300; +300
- Manufacturing: 17,100; -100
- Construction, Mining: 15,700; -400
- Financial Services: 13,100; -200
- Other Jobs: 9,700; -100
- IT & Development: 3,200; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.