Overall unemployment rate moved up to 4.3% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in June 2022.
Total employment in the Olympia-Tumwater, WA market declined by 975 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 4.3%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Olympia-Tumwater, WA unemployment rate is 92 bps above the national rate which is a negative sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 14.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Government: 39,800; -100
- Transportation & Utilities: 19,000; no change
- Education & Healthcare: 18,900; +100
- Business Services: 13,000; -100
- Restaurants & Hotels: 10,900; +200
- Construction, Mining: 7,700; +200
- Other Jobs: 4,600; no change
- Financial Services: 4,100; no change
- Manufacturing: 3,300; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.