Overall unemployment rate moved down to 4.7% with the biggest shift in Government, which gained 200 roles, based on the most recently available information published in May 2023.
Total employment in the Olympia-Tumwater, WA market rose by 1,695 jobs in March and the unemployment rate decreased compared to the prior month by 120 bps to 4.7%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Olympia-Tumwater, WA unemployment rate is 108 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 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 10.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Government: 42,600; +200
- Transportation & Utilities: 21,000; +200
- Education & Healthcare: 19,800; +200
- Business Services: 15,200; -200
- Restaurants & Hotels: 10,800; no change
- Construction, Mining: 7,300; +100
- Other Jobs: 5,000; no change
- Financial Services: 4,100; no change
- Manufacturing: 3,500; +100
- IT & Development: 1,800; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.