Overall unemployment rate moved down to 4.0% with the biggest shift in Business Services, which gained 900 roles, based on the most recently available information published in June 2023.
Total employment in the Spokane-Spokane Valley, WA market declined by 848 jobs in April and the unemployment rate decreased compared to the prior month by 120 bps to 4.0%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Spokane-Spokane Valley, WA unemployment rate is 90 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 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 7.5% and are up 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:
- Education & Healthcare: 57,800; +800
- Transportation & Utilities: 50,600; +400
- Government: 43,000; no change
- Business Services: 31,700; +900
- Restaurants & Hotels: 24,400; +200
- Manufacturing: 17,900; +100
- Construction, Mining: 16,800; +600
- Financial Services: 15,000; no change
- Other Jobs: 9,900; +100
- IT & Development: 2,800; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.