Overall unemployment rate stayed flat at 5.0% with the biggest shift in Business Services, which gained 600 roles, based on the most recently available information published in April 2022.
Total employment in the Olympia-Tumwater, WA market rose by 2,114 jobs in February and the unemployment rate stayed flat. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Olympia-Tumwater, WA unemployment rate is 86 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 7.1% 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: 40,300; +200
- Transportation & Utilities: 19,500; +100
- Education & Healthcare: 18,700; +200
- Business Services: 13,300; +600
- Restaurants & Hotels: 10,200; +100
- Construction, Mining: 7,200; +200
- Other Jobs: 4,500; no change
- Financial Services: 4,100; no change
- Manufacturing: 3,200; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.