Overall unemployment rate moved up to 5.0% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in April 2022.
Total employment in the Olympia-Tumwater, WA market rose by 36 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 5.0%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Olympia-Tumwater, WA unemployment rate is 125 bps above the national rate which is a negative sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 12.2% 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: 40,300; no change
- Transportation & Utilities: 19,000; -400
- Education & Healthcare: 18,700; no change
- Business Services: 13,000; -300
- Restaurants & Hotels: 10,500; +200
- Construction, Mining: 7,300; +100
- Other Jobs: 4,600; +100
- Financial Services: 4,200; +100
- Manufacturing: 3,300; +100
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.