Overall unemployment rate moved down to 4.2% with the biggest shift in Government, which lost 300 roles, based on the most recently available information published in June 2022.
Total employment in the Olympia-Tumwater, WA market declined by 2,636 jobs in April and the unemployment rate decreased compared to the prior month by 70 bps to 4.2%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Olympia-Tumwater, WA unemployment rate is 86 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 11.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Government: 39,900; -300
- Transportation & Utilities: 18,900; -100
- Education & Healthcare: 18,700; no change
- Business Services: 13,100; no change
- Restaurants & Hotels: 10,700; +200
- Construction, Mining: 7,600; +200
- Other Jobs: 4,600; no change
- Financial Services: 4,100; -100
- Manufacturing: 3,300; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.